Blockchain Advocacy Group Urges SEC Chairman Gary Gensler to Resign
The blockchain advocacy group CEDAR Innovation Foundation (CIF) has called for the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, to resign. In a statement on November 18, the group accused Gensler of disregarding tradition by refusing to announce his resignation.
According to CIF, Gensler is trying to hold onto power tightly, which is contrary to previous officials who often resigned when a new administration took office. The decision to bypass this precedent reflects his unwillingness to accept change.
