U.S. Congressman French Hill calls for federal agencies, including the SEC, to suspend rulemaking

Golden Finance reported that French Hill, a Republican congressman from Arkansas, recently sent a letter to Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), and other officials, requesting a suspension of all ongoing rulemaking. Hill stated that the public is deeply dissatisfied with the excessive regulation of the previous government, especially rules in the encryption field that may limit innovation. He criticized the existing rules for constraining economic growth, emphasizing the need to suspend these rules to restore the balance between the government and the public. Hill's letter specifically mentioned concerns about the impact of SEC's ATS regulations on Decentralization projects.