PANews reported on October 25 that according to Decrypt, U.S. Congressman French Hill said in an interview that no matter which party controls the White House, the U.S. Securities and Exchange Commission (SEC) should change its leadership next year. Hill said that Gary Gensler's "panic-mongering" behavior at the SEC was unconstitutional and abused the agency's regulatory power. He suggested that the SEC take exemption relief measures for emerging industries such as cryptocurrencies and take a pro-innovation stance.
Hill and other Republican lawmakers have criticized the actions of SEC Chairman Gary Gensler in recent years and accused him of failing to provide a clear regulatory framework for digital assets.
