HomeCrypto NewsBitcoinMore than 16.000 people sign calling for SEC chairman to resign

More than 16.000 people sign calling for SEC chairman to resign

- Advertisement -
The Chairman of the Securities and Exchange Commission (SEC), Gary Gensler, has been criticized for his views on cryptocurrencies.

Following recent claims of corruption and market manipulation, a petition on Change.org has been created demanding the resignation of SEC Chairman Gary Gensler.

At the time of publication, the petition 'Fire Gary Gensler for obstruction of justice' received more than 16.000 signatures.

- Advertisement -

According to the petition, Gensler should resign for failing to protect investors from fraud due to his short selling and misuse of funds. Citadel Securities Company.

“SEC Chairman Gary Gensler was complicit in criminal activities carried out by Citadel Securities, Citadel Market Maker in short selling and misuse of records.”

The SEC Chairman is also accused of short selling crypto-focused companies like AMC Theaters (NYSE: AMC) , and GameStop (NYSE:GME) through Vanguard group.

SEC chairman has more net worth 100 million dollars, Inside Vanguard manages 90% of the assets.

In addition, the SEC under Gary Gensler appears to be indifferent to official court rulings and opinions. For example, in the case against Ripple, the SEC did not issue a draft of the speech Hinman's 2018 in defiance of a court order.

According to the Ripple CEO, Brad Garlinghouse , the SEC is claiming that most crypto-related businesses are lacking financial capacity to initiate a legal challenge against this agency .


See more:

Rate this post
- Advertisement -

Maybe you are interested

Major corporations invest $6 billion in blockchain startups

Forty top corporations have invested around $6 billion in blockchain startups since September...

Luxury resorts in Maldives and Thailand accept crypto payments

Luxury resort chain Soneva has started accepting cryptocurrency payments at its resorts...

Cryptocurrency market has more than 700 new coins in the 3rd quarter of 2022

The cryptocurrency market has significant volatility in 2022, yet developers are still trying to launch...

More than 75% of financial institutions intend to use crypto in the next three years

More than 75% of financial institutions will join the crypto universe in the next three years if the sector...

CoinEx Charity actively supports education with a fund of up to millions of USD

Charity is not only the pursuit of a noble cause but also bringing people happiness from...

Related posts

- Advertisement -