US Representative Tim Burchett has introduced an amendment to the Financial Services and General Government appropriations bill that would cut the salary of Securities and Exchange Commission (SEC) Chair Gary Gensler to $1 per year. Burchett is a Republican from Tennessee, and he has been a vocal critic of Gensler and the SEC. He has accused Gensler of being too hostile to the cryptocurrency industry and of overstepping his authority. The amendment has little chance of passing, but it is a sign of the growing opposition to Gensler from some members of Congress.