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

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Congressman French Hill calls on federal agencies including the SEC to suspend rulemaking. Republican Congressman French Hill of Arkansas recently sent a letter to officials including SEC Chairman Gary Gensler, requesting a pause on all ongoing rulemaking. Hill stated that the public is deeply dissatisfied with the excessive regulation of the previous administration, especially rules in the encryption field that may restrict innovation. He criticized the existing rules for constricting economic growth, emphasizing the need to pause these rules to restore balance between the government and the public. Hill's letter specifically mentioned concerns about the SEC's ATS regulation and its potential adverse impact on Decentralization projects.

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