Rep. Warren Davidson Calls For Removing SEC Chair Gary Gensler, Overhauling Agency

Rep. Warren Davidson is calling for Securities and Exchange Commission (SEC) Chair Gary Gensler to be removed from his post and for the SEC to be restructured.

Highlights

• Republican Rep.
• Warren Davidson is calling for SEC Chair Gary Gensler to be removed from his post and for the SEC to be restructured.
• Davidson laid out his closing remarks at Tuesday’s SEC Oversight hearing by the House Financial Services Committee.
• Davidson: “Your record of failures to protect investors and abuses of power make it clear that we need to restructure the Securities and Exchange Commission” The Ohio Republican is introducing legislation that removes the Chairman of the SEC and replaces the role with an executive director that reports to the board, where all authority would reside, Davidson said.
• Davidson also called for a de facto ban on crypto through proposed custody rule.

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