$BTC
According to a report, Gary Gensler, a figure who is known for having negative views on Cryptocurrencies and his agency may have violated federal law by favoring civil service employees based on political leanings during the hiring process. The allegations brought by Republican lawmakers Jim Jordan, Patrick McHenry, and James Comer are considered to be serious problems for Gensler.
According to the report, this illegal practice is a violation of the Civil Service Reform Act of 1978. The investigation was initiated by an email that indicated the SEC may have hired Dr. Haoxiang Zhu as Director of Trading and Markets because of his political connections. According to the report, on May 18, 2021, Gensler called Dr. Zhu to discuss his potential employment with the SEC. Later, Dr. Zhu sent an email stating,
"I believe I am well placed on the political spectrum, and I am happy to provide as much detail as necessary to make you feel comfortable.”
Gensler steps down?
