There have been reports of dissatisfaction among some Democratic Party donors regarding SEC Chairman Gary Gensler and FTC Chairman Lina Khan. These donors, particularly from Wall Street and Silicon Valley, have expressed concerns that Gensler's regulatory approach has disrupted the technology industry and Wall Street, while Khan has imposed strict rules aimed at protecting competition. Allegedly, these concerns were relayed to Kamala Harris's team, with a request for the dismissal of both regulators if she were to win the election.
This adds another layer of tension to the financial and tech sectors ahead of the upcoming elections, as regulatory policies directly impact both industries. It’s interesting to see discontent surfacing from donors who would otherwise be aligned with the Democratic administration's broader policies.
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