U.S. Senator French Hill urges SEC, other federal agencies to suspend rulemaking

Republican Congressman French Hill of Arkansas recently sent a letter to Gary Gensler, Chairman of the U.S. Securities and Exchange Commission, U.S. Treasury Secretary Janet Yellen, Federal Reserve Chairman Powell, and Consumer Financial Protection Bureau Director Rohit Chopra, asking for a suspension of all ongoing rulemaking. Hill said, "The American people have expressed widespread dissatisfaction with the outgoing government's excessive regulation over the past four years." Hill also criticized the rules of these agencies and said they "stifled economic growth and innovation." The letter specifically mentioned the SEC's ATS regulations, worrying that the regulations may have an adverse impact on decentralized projects. (The Block)