"SEC Chair Gensler's Recusal Urged by Blockchain Association for Crypto Enforcement"

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Source: Fortune
"SEC Chair Gensler's Recusal Urged by Blockchain Association for Crypto Enforcement"
Photo: Fortune
TL;DR Summary

The Securities and Exchange Commission (SEC) Chair Gary Gensler is facing calls to recuse himself from decisions related to the enforcement of the American digital assets industry. Critics argue that Gensler's relentless pursuit against the industry, without providing clear rulemaking and guidance, demonstrates bias and a disregard for due process. They claim that Gensler's preconceived notion that all digital assets, except Bitcoin, are securities undermines the fairness of the enforcement process and deprives targets of their due process rights. Recusal is necessary to ensure a fair and unbiased supervision of the digital assets industry.

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