U.S. congressmen propose an amendment calling for lowering SEC chairman salary to $1 and cutting SEC funding for crypto enforcement
Fox journalist Eleanor Terrett posted on X platform that the Financial Services and General Government (FSGG) bill released by the US House Appropriations Committee will be voted on by the Rules Committee at 4 pm Eastern Time and then submitted to the House of Representatives. This includes an amendment by Tennessee Congressman Rep Tim Burchett to reduce SEC Chairman Gary Gensler's salary to $1. It also includes an amendment to cut funding for the US Securities and Exchange Commission in cryptocurrency enforcement.
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