### US Representative Warren Davidson has announced his plans to introduce legislation that would have Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), removed from his position. Davidson, who is known for his crypto-friendly stance and advocacy for innovation in America, made this announcement following the SEC's decision to reconsider its proposed interpretation of an "exchange."

Davidson, who was the driving force behind the Token Taxonomy Act and other crypto regulations, has been vocal about his support for the crypto industry. He responded to a tweet from Coinbase's legal chief, Paul Grewal, on April 15, stating that he planned to get Gensler removed from his position.



<blockquote className="twitter-tweet"><p lang="en" dir="ltr">Yep. To correct a long series of abuses, I am introducing legislation that removes the Chairman of the Securities and Exchange Commission and replaces the role with an Executive Director that reports to the Board (where authority resides). Former Chairs of the SEC are ineligible. <a href="https://t.co/VBnkgt8bhM">https://t.co/VBnkgt8bhM</a></p>— Warren Davidson 🇺🇸 (@WarrenDavidson) <a href="https://twitter.com/WarrenDavidson/status/1647572722958974983?ref_src=twsrc%5Etfw">April 16, 2023</a></blockquote> 



While this legislation may not happen overnight, it puts pressure on Gensler and brings attention to the issue. Davidson hopes that by drumming up as much visibility and noise as possible, he can gain the attention of other members of Congress, the media, and other government agencies.



This move by Davidson is not surprising, given his history of advocating for the crypto industry. However, it highlights the tension between regulators and the crypto industry, with Davidson and others believing that Gensler's position may be hindering innovation.

US Representative Warren Davidson has announced his plans to introduce legislation that would have Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), removed from his position. Davidson, who is known for his crypto-friendly stance and advocacy for innovation in America, made this announcement following the SEC's decision to reconsider its proposed interpretation of an "exchange."

Sun Apr 30 2023

Congressman Wants SEC Chair Gary Gensler Fired – Details

Ferrari to Accept Crypto Payments in the US; Plans to Include Europe Underway

Prototype Global Cryptoasset Mapping System Developed

FTX Founder Sam Bankman-Fried Sent to Jail for Alleged Witness Tampering

Huobi Rocked by Reports of Executive Arrests and Accusations of Customer Fund Misuse

Breaking The Chains: Introducing BRC-69, The Bitcoin Standard Without Data Restrictions

Prototype Global Cryptoasset Mapping System Developed

Sun Apr 30 2023 Congressman Wants SEC Chair Gary Gensler Fired – Details

Ferrari to Accept Crypto Payments in the US; Plans to Include Europe Underway

Prototype Global Cryptoasset Mapping System Developed

FTX Founder Sam Bankman-Fried Sent to Jail for Alleged Witness Tampering

Huobi Rocked by Reports of Executive Arrests and Accusations of Customer Fund Misuse

Breaking The Chains: Introducing BRC-69, The Bitcoin Standard Without Data Restrictions

Prototype Global Cryptoasset Mapping System Developed

Sun Apr 30 2023

Congressman Wants SEC Chair Gary Gensler Fired – Details