Future

Request

Gary

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/asa-calls-for-gary-genslers-immediate-resignation/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ASA Calls for Gary Gensler’s Immediate Resignation</a> 
The American Securities Association (ASA) demands the immediate resignation of <a href="https://en.coin-turk.com/south-korean-government-delays-cryptocurrency-taxation/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a> Chairman Gary Gensler. ASA President and CEO Chris Iacovella emphasizes the need for new guidance in the management of the country’s regulatory environment.
<h2 id="reasons-behind-the-resignation-request">Reasons Behind the Resignation Request</h2>
ASA highlights that Gensler’s tightening regulations on cryptocurrencies, ESG standards, and private equity sectors have undermined investor confidence. Iacovella asserts that Gensler’s excessive oversight practices have stifled innovation and placed undue pressure on small businesses.
Gensler’s tenure has been tumultuous for U.S.-based <a href="https://en.coin-turk.com/crypto-analyst-bitcoin-is-ready-for-a-bullish-move-after-recent-dip/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> companies. Even hours before election results were announced, Gensler sent Wells Notices for the latest <a href="https://en.coin-turk.com/crypto-market-in-decline-latest-status-of-bitcoin-and-top-performing-cryptocurrencies-of-the-day/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> lawsuits, which explains the accumulated resentment from crypto investors towards him over the years.
<h2 id="reactions-to-sec-s-regulatory-approach">Reactions to SEC’s Regulatory Approach</h2>
The ASA’s request reflects increasing criticism that the SEC has fallen short in ensuring market efficiency and protecting investors. Critics argue that under Gensler’s leadership, the SEC has led to uncertainty and hindered market efficiency.
<blockquote>
 “People voted for a new direction for this country, and Chairman Gensler must respect that outcome,” – Chris Iacovella
</blockquote>
According to FOX journalist Eleanor Terrett, ASA CEO Chris Iacovella stated that Gensler’s resignation is necessary to restore trust in the SEC.
The ASA’s demand reinforces views that reforms under the SEC’s management are not aligned with the significant interests of market participants and investors. ASA wants the SEC to focus on the practical needs of Americans and businesses.
Gensler’s resignation is seen as part of a broader call for change coinciding with the election of a new president in the U.S. According to a 10X Research report, Gensler is expected to resign in December or January.
In the event of former President Donald Trump’s return, a restructuring of SEC leadership towards more crypto- and business-friendly policies is anticipated. Assessments suggest that the new president aims to implement more flexible regulations at the SEC.
Future SEC policies will focus on supporting economic stability and enhancing investor confidence. ASA has called for the current Chairman Gensler’s resignation, noting that months ago Trump mentioned that one of his first actions would be to dismiss Gensler.
The post <a href="https://en.coin-turk.com/asa-calls-for-gary-genslers-immediate-resignation/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ASA Calls for Gary Gensler’s Immediate Resignation</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

ASA Calls for Gary Gensler’s Immediate Resignation

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