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Warren Davidson, the Republican congressman who first introduced the legislation in mid-April, has filed the SEC Stabilization Act to remove Gary Gensler, the current chair of the U.S. Securities and Exchange Commission (SEC). Davidson insists the act aims to safeguard U.S. capital markets “from a tyrannical chairman.” Legislation Filed to Remove SEC Chair Gensler in Effort to Safeguard U.S. Capital Markets Several Republican lawmakers have openly criticized SEC chairman Gary Gensler for his performance in leading the federal securities regulatory division. Among them is congressman Warren Davidson (R-OH), who recently announced his intention to introduce legislation to remove Gensler from his position. Less than two months later, Davidson filed the SEC Stabilization Act and shared the news on Twitter on June 12th. “U.S. capital markets must be protected from a tyrannical chairman, including the current one,” Davidson said in a statement. “That’s why I’m introducing legislation t

Experts and business representatives from Iran and Russia have discussed the potential uses of cryptocurrencies and blockchain. The two countries are also collaborating on implementing new financial instruments facilitating bilateral trade in their national fiats. Financial Expo Brings Together Crypto Experts From Russia and Iran Business leaders and industry professionals from Iran and Russia have discussed the potential applications as well as the pitfalls of employing crypto assets and blockchain technologies. They met during the 15th International Financial Industry Exhibition (Finex) in Tehran, local media reported. The discussion brought together speakers from the crypto and fintech sectors of both countries and government officials, including Mustafa Amiri, secretary of the Iran Fintech Association and the CEO of the Iran Blockchain Association, Abbas Ashtiani, according to the Iranian news portal Way2pay. Alexander Brazhnikov, executive director of the Russian Association