Tensions are running high as SEC Chairman Gary Gensler prepares to testify before the U.S. House Financial Services Committee. The hearing, scheduled for September 24, has sparked outrage in the crypto community, with many calling for Gensler to resign rather than face potential removal down the line.

Prominent voices in the crypto space, such as NFT collector Medic Matt, have suggested that the hearing would be an ideal moment for Gensler to step down. Cryptocurrency researcher Anderson predicted Gensler would evade tough questions, much like during previous hearings when he refused to clarify whether Ethereum is a security or commodity. Criticism also came from Crypto YouTuber James Rule, who accused Democratic Senator Elizabeth Warren of possibly scripting Gensler’s responses.

Crypto investor Leon Gaban took it further, urging Gensler to resign or risk being fired by Republican presidential candidate Donald Trump, who has vowed to dismiss Gensler if elected. With the crypto industry gaining growing bipartisan support, many believe Gensler’s days as SEC Chair could be numbered.

Will Gensler step down or face the storm head-on? Stay tuned as this high-stakes hearing unfolds!

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