SEC's Chairman, Gary Gensler To Be Removed - Bloomberg 🌎

Due to recent developments, a legislation has been introduced by Representative Warren Davidson to the board, for the removal of the #SEC’s Chairman in line with series of misappropriations, unlawful activities and most importantly , abuse of power.

In the hearing today, Gary Gensler, chairman of the SEC, was asked whether #Ethereum , $ETH, is a commodity or a security. There was no clear direct response by Gensler, per #bloomberg reports.

Moreso, the securities & exchange commission - SEC, is now looking for ways to restructure the arm of government , while an executive director would be selected & who will report directly to the board where all powers lie.

#Binance is ever ready & strong to scale through these fuds & attacks.

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