Exclusive: “Goodbye Gensler” campaign launches: “restore integrity to the SEC”
Gensler has for years been under bipartisan fire from Reps. Mike Flood (R., Neb.), Tom Emmer (R., Minn.), Ritchie Torres (D., N.Y.), Bill Huizenga (R., Mich.), Andy Barr (R., Ky.), and more — specifically over his hostility to the crypto industry.
“The SEC under Gary Gensler’s leadership has been arbitrary in its enforcement, obstinate when confronted with its faults, and anti-innovation to emerging industries like crypto,” Flood told the Reporter. “Thankfully, President-elect Trump has pledged to fire Gary Gensler and end his reign of incompetence. I look forward to future leadership of the SEC that works to promote innovation and provide opportunity through our capital markets to more Americans.”
“What we’ve seen from Mr. Gensler is not regulation,” Torres said. “It’s the weaponization of the SEC against the crypto industry, which he considers useless and which he politically disfavors. And that to me is an abuse of power.”
Last year, the organization launched a “what is Gensler hiding?” campaign in response to his refusal to answer questions about his ties to Sam Bankman-Fried.
“Why won’t Gensler answer Congress’s questions?” it asked. At that time, Rep. Patrick McHenry (R., N.C.), threatened to subpoena Gensler for his silence.
