There’s a new bill proposed to sack SEC Chairman because he is terrible at his job when it comes to crypto

Yesterday a new bill was proposed right after the SEC chairman was questioned about Ether being a commodity or a security. Long story short he wouldn’t answer and then after that told exchanges they would be fine if they just followed the rules. News flash there are no rules in place for cryptocurrency exchanges.

What he say’s literally does not make an logical sense he is saying to follow rules that he is in charge of making, and yet hasn’t made of those rules.

Shortly after this clown show a new bill was proposed to completely boot him. To fire Gensler from chairman position and to take power away from everyone on the SEC board.

This was proposed because the SEC is driving crypto technology away from the US and over seas by having unclear rules. This was also proposed because of the SECs utter failure in protecting investors in the FTX collapse which they only looked into AFTER the collapse. They also rounded up this statement by roasting him and said at every turn you are harming the retail investors by shutting them out and told him it’s a complete failure of his job.

If this bills passes this would be such a major victory for the crypto world so keep your eyes open.