As SEC Chairman Gary Gensler is about to appear before Congress, the crypto community urges him to resign before he is fired

Odaily Odaily News Odaily Odaily News After Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), announced this week that he would attend a congressional meeting on the X platform, cryptocurrency users on the platform expressed their views in the comment area. It is reported that the U.S. House of Representatives Financial Services Committee will hold a hearing entitled "Oversight of the SEC" on September 24 local time. Gary Gensler will attend the hearing on the same day and testify, and will attend the hearing on September 25 alone as a witness. NFT collector Medic Matt said that attending Congress would be "a good opportunity to resign," reflecting some people in the community calling on Gensler to hand over the position of SEC chairman to someone more capable. Anderson, a well-known cryptocurrency researcher, said he predicted that he would see Gensler "not answering any questions and just wasting everyone's time." Anderson was referring to a hearing in 2023 when Gensler repeatedly refused to answer questions from lawmakers about whether Ethereum was a security or a commodity. Cryptocurrency YouTube blogger James Rule asked Democratic Senator Elizabeth Warren if she would "write answers" for Gensler. Warren and Gensler have been accused of deliberately working to destroy the cryptocurrency industry. Cryptocurrency investor and developer Leon Gaban said the SEC should be shut down. He urged Gensler: "Resign now, or you will be fired later." Republican presidential candidate Donald Trump has said he would fire Gensler on his first day in office if elected in November. Cryptocurrency analyst Jonathan Morgan reminded Gensler that his "Democratic allies" can no longer "slander" the cryptocurrency industry because more and more Republican politicians have acknowledged the industry's rapid growth.