US lawmaker proposes to cut SEC chair Gary Gensler’s salary to $1 By Cointelegraph

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A United States lawmaker wants to strip the Securities and Exchange Commission chair Gary Gensler of his salary by paying him just $1 per year.

In a proposed amendment to the Financial Services and General Government (FSGG), Rep. Tim Burchett suggested that Gensler’s salary be brought down to $1, as part of wider proposal to defund the regulator.

Rep. Burchett’s proposed amendment to the FSGG bill. Source: House Committee on Appropriations