US Senator Warren Davidson is once again urging for the removal of SEC Chair Gary Gensler, following the agency’s second significant legal defeat. This development comes as many in the cryptocurrency industry express frustration with the SEC’s aggressive stance on crypto matters.

The call to action from Senator Davidson comes after the SEC recently faced another legal setback in its efforts against the digital asset sector. The hashtag #FireGaryGensler has gained momentum as critics voice their concerns about Gensler’s leadership and decisions.

Senator Davidson’s renewed call follows a court ruling involving Grayscale, where the SEC’s actions were criticized as being “arbitrary and capricious.” This marks the second time in less than two months that both Gensler and the SEC have faced legal setbacks, with the Ripple case being the first.

In June, Senator Davidson initially called for Gensler’s removal through the introduction of his ‘Stabilization Act.’ This proposed bill aimed to reshape the SEC’s structure to ensure a more democratic approach, rather than being solely led by a single chairman.

The hashtag #FireGaryGensler has garnered attention across social media platforms, drawing various industry figures to share their viewpoints. Some are interpreting these recent legal losses as clear indications that the SEC’s actions may not align with the established legal framework.

While there has been speculation about the potential for a change in the US’s regulatory stance on cryptocurrencies, the SEC’s forceful approach under Gensler’s leadership seems poised to continue. Some industry observers anticipate that Gensler’s next steps could involve rejecting or delaying the consideration of forthcoming Bitcoin and Ethereum ETF applications.