BlockBeats news, on September 12, Cointelegraph reported that Republicans in the U.S. House of Representatives launched an investigation into Securities and Exchange Commission (SEC) Chairman Gary Gensler. Three Republican lawmakers questioned the SEC's recruitment process, accusing the agency of possibly recruiting based on political affiliations, suspected of violating federal law, and demanding transparency in its recruitment decisions.
During Gensler's tenure as SEC chairman, enforcement actions increased significantly, with enforcement actions against cryptocurrency companies reaching a 10-year high in 2023, doubling from 2021. Former President and Republican presidential candidate Donald Trump promised to remove Gensler from office on his first day in office if he wins the presidential election in November.
