Foresight News Reports on Investigation of SEC Chair Gary Gensler

According to Cointelegraph, three Republican lawmakers are investigating SEC Chair Gary Gensler, questioning the agency's hiring practices. They allege the SEC may be engaging in politically motivated hiring, potentially violating federal law, and demand transparency in its hiring decisions.

Gensler's tenure as SEC chair has seen a significant increase in enforcement actions, with 2023 witnessing the highest number of enforcement actions against cryptocurrency companies in a decade, doubling the rate from 2021.

Foresight News previously reported that former President Donald Trump, during his speech at the Bitcoin 2024 conference, stated that if elected, he would end the current administration's hostility towards crypto. He promised to fire SEC Chair Gary Gensler on his first day in office and establish a presidential crypto advisor position.