The petition for US Securities and Exchange Commission (SEC) Chairman Gary Gensler to step down as SEC chairman is growing. So much so that the number of signatures collected has reached almost 20,000. This shows that the crypto community has run out of patience due to Gensler’s crypto pressures.
Over 19,000 Signatures Collected for SEC Chairman Gensler’s Resignation
The US Securities and Exchange Commission (SEC), one of the largest global regulators, has been harshly criticized by both the authorities and the crypto community for its recent pressure on crypto companies. Gary Gensler is on the target board of the SEC, which is thought to be interested in putting pressure on companies rather than trying to regulate the sector and protect investors.
As the long-running lawsuit with Ripple continues, pressure on the regulator is mounting rapidly. However, on the SEC side, while there is no clear step in regulation, the investigations on crypto companies and crypto executives reflect the sector quite negatively.
However, this situation is unfortunately not new. So much so that the petition opened on Change.org was opened 8 months ago. The campaign, which has a target of 25,000 as of the writing of our news, is thought to be taken into account by the authorities if it reaches 100,000 signatures.
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