Thread by @cryptorecruitr

🧵Fired up to #FireGaryGensler?

Here's the full scoop on recent developments of a sitting U.S. Senator calling on Congress to fire Gary, the current SEC chair.

Like and retweet so others can understand what they can do to help!

1/6: House Republicans introduce the SEC Stabilization Act, aiming to remove SEC Chair Gary Gensler and restructure the agency. They cite Gensler's alleged abuses and seek to protect U.S. capital markets from a "tyrannical Chairman."

2/6: Representative Davidson leads the charge, advocating for real reform and firing Gensler as SEC Chair. The bill aims to ensure clear, consistent oversight that prioritizes investor protection over political gamesmanship.

3/6: Representative Emmer supports the bill, emphasizing the need for sanity at the SEC and focusing on investors' interests. The SEC Stabilization Act proposes sensible changes to rebalance power, add a commissioner, and establish an executive director role.

4/6: The bill redistributes power from the chair to commissioners, implements staggered terms, and limits political party control. The SEC would operate with rulemaking authority and enforcement capabilities under the revamped structure.

5/6: As the SEC Stabilization Act takes shape, it aims to restore accountability, enhance oversight, and align the agency with the Federal Elections Commission's structure. The bill signals a push for change and raises important questions about the SEC's future.

6/6: Let's not underestimate our influence. Together, we can shape the future of the SEC. Contact your local officials, express your support for the SEC Stabilization Act, and help build momentum for meaningful reform. Your action matters. Let's stand up for a better SEC now!