Due to its negative approach to cryptocurrencies and its policy towards regulating the industry Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC) It is still the target of investors.
Cryptocurrencies Gary Gensler, who argues that most of them are securities and should be registered with the SEC, is demanded to resign.
Following recent allegations of corruption and market manipulation, a petition has been filed on Change.org to dismiss the SEC chairman.
The petition states that the SEC Chair must resign due to Citadel Securities’ failure to protect retail investors from fraud due to short selling and abuse of the dark pool.
The petition included the following statements:
“SEC Chairman Gary Gensler is complicit in criminal activities by Citadel Securities, Citadel the Market Maker, through short selling and dark pool abuse.
Gensler is also guilty of obstruction of justice. Because of Gensler’s crimes, millions of retail investors have been scammed.
Gensler needs to step down as president and require a comprehensive, detailed, forensic analysis and investigation into Citadel Securities and Citadel Market Maker.
These crimes cannot go unpunished. Don’t be silent and sign the petition!”
It was stated that most of the recent votes in the petition came from the crypto community due to Gary Gensler’s anti-crypto stance.
So far, the petition has received nearly 16,400 votes, making it the most signed petition on Change.org.
