If Trump wins, he’d probably still have to live with Gensler for a while
The post If Trump wins, he’d probably still have to live with Gensler for a while appeared on BitcoinEthereumNews.com.
As former President Donald Trump continues to tout himself as the pro-crypto candidate, he has set his sights on the industry’s biggest villain: US Securities and Exchange Commission Chair Gary Gensler. “Gensler is very much against it,” Trump said of the SEC head’s approach to the cryptocurrency industry during a May event promoting the former president’s NFT collection at Mar-a-Lago. Jacob Helberg, an adviser to data analytics provider Palantir and one of Trump’s newest donors, told Reuters earlier this month that Trump plans to end the current “crusade against crypto…within one hour” of taking office. Trump last month paid a visit to bitcoin mining executives, where he apparently said he was interested in keeping the industry state-side. However, his team has been relatively tight-lipped about specific crypto-related policies. Former Republican presidential candidate Vivek Ramaswamy has said he is “impressed” by Trump’s interest in crypto. Previously, Ramaswamy unveiled a lengthy crypto policy proposal last November. Among other things, this plan suggested firing most of the SEC. Read more: RFK Jr is ‘happy’ about Trump’s crypto commitment “Crypto innovators and others in the technology sector are under attack from Biden and Democrats,” Trump senior advisor Brian Hughes told Blockworks. “While Biden stifles innovation with more regulation and higher taxes, President Trump is ready to encourage American leadership in this and other emerging technologies.” The Trump campaign did not elaborate on any plans related to the SEC and its oversight of the crypto industry. Gensler, appointed in 2021, has just under two years left in his term before he is either renominated or replaced. Even if Trump moves into the White House in January, Gensler would still have 17 months left on his tenure. Whether or not Trump could remove Gensler immediately — or if he intends to — is less clear. Article…
Filed under: News - @ June 21, 2024 9:10 pm