Crypto Community Tries to Remove SEC Chair Gary Gensler Through a Petition

SEC Chair Gary Gensler is heavily criticized among the crypto community for his appeal to treat digital assets as securities.

The recent SEC lawsuit against Ripple and the Coinbase case are proof of this anti-crypto approach. This and the recent allegations of Gensler’s involvement in market manipulations brought massive attention to the petition on Change.org that is seeking to remove the SEC Chair.

Gary Gensler has been accused of shorting crypto-focused stocks through Vanguard Group and BlackRock, as well as letting Citadel Securities manipulate the stock market. The SEC Chair has continually refused to respond to the claims. The number of people urging Gary Gensler to step down as SEC Chair through the petition has now reached almost 16,000.