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Republican Senators Push Back Against SEC Chairman’s Agenda

·1 min read

BeInCrypto –

Republican Senators pushed back against the agenda that Securities and Exchange Commission Chairman Gary Gensler supported during his recent appearance before the Senate Banking Committee.

According to his testimony, Gensler has ambitious plans to rein in cryptocurrencies as well as meme-stock frenzy. However, these plans are drawing fire from Republicans, who expressed their discontent during the session. They believe that Gensler’s agenda stifles innovation, increases costs for investors and concentrates on social issues outside its purview.

“Why do you impose your personal preferences about cultural issues and social issues on companies, and therefore their customers and their workers,” inquired Louisiana Republican John Kennedy. “As to the people and the companies that you regulate as chairman of the SEC, do you consider yourself to be their daddy?”

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