The Voters Have Spoken — SEC Democrats Must Resign for Economic Progress

The Voters Have Spoken — Immediate Resignation of SEC Democrats Needed

The voters have spoken, and it is crucial that all SEC Democrats resign to allow for a more responsive regulatory environment. The incoming president should appoint commissioners who are committed to rolling back unnecessary regulations that stifle economic growth and innovation.

Impact of Current SEC Regulations

The current Securities and Exchange Commission, led by three Democratic commissioners, has introduced stringent regulations that many argue exceed its statutory authority and fail to deliver meaningful benefits.

• For instance, the SEC's aggressive stance on regulating almost all cryptocurrencies has dampened potential innovations.
• Additionally, far-reaching climate-change disclosure rules have imposed unnecessary burdens on public companies without clear advantages.

History of SEC Resignations

Historical precedent shows that SEC commissioners have resigned following the election of a president from an opposing party. This transition is essential for aligning regulatory practices with voter expectations and economic needs.

The resignation of SEC Democrats, particularly Chair Gary Gensler and Commissioners Caroline Crenshaw and Jaime Lizárraga, is a necessary step towards fostering a regulatory climate that prioritizes business growth and innovation.