BREAKING: US lawmakers file ‘SEC Stabilization Act’ to remove Gary Gensler

United States Congressman Warren Davidson has introduced the “SEC Stabilization Act” in the House of Representatives announced on June 12. One of the main provisions of the bill is to fire Gary Gensler, chairman of the Securities and Exchange Commission (SEC).

Davidson said in a statement:

“American capital markets must be protected from a tyrannical president, including the current one. That is why I am introducing legislation to correct this ongoing abuse of power and ensure protections that protect the best of the market for years to come.” interests. It’s time for real reform and to fire Gary Gensler as chairman of the SEC.”

Davidson announced his intention to introduce the bill earlier this year.

This is breaking news, and further information will be posted as it becomes available.