Trump Pledges To Fire Gary Gensler ‘On Day One’ And Establish Strategic U.S. Bitcoin Reserve If Reelected ⋆ ZyCrypto
The post Trump Pledges To Fire Gary Gensler ‘On Day One’ And Establish Strategic U.S. Bitcoin Reserve If Reelected ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Republican Presidential candidate Donald Trump took the stage at the Bitcoin Conference and mapped out a plan for crypto policies if he wins in November against Democratic Party presidential nominee Kamala Harris. In statements that led to a strong outburst of cheers from a crowd of Bitcoiners who had waited over an hour to hear the ex-POTUS speak, Trump vowed to show US crypto villain Gary Gensler the door on his first day of office and to build a “strategic Bitcoin stockpile” for the United States. Trump Says He Will Remove Gary Gensler Former U.S. President Donald Trump has announced his intention to fire Gary Gensler, the current SEC Chairman, on his first day in office. Speaking in a packed hall Saturday at the Bitcoin Conference in Nashville, the self-declared crypto candidate recognized Gensler’s unpopularity within the cryptoverse and indicated that appointing a new SEC boss would be an important step in his strategy to support the fast-growing crypto industry. “The moment I’m sworn in, the persecution stops, and the weaponization ends against your industry,” opined Trump. “I will appoint a new SEC chairman who believes that America should build the future, not block the future.” Advertisement   He also said he would appoint a “Bitcoin and crypto advisory council” after retaking the Oval Office. Many at the event welcomed Trump’s announcement. Industry pundits have often blamed Gensler for the SEC’s ongoing enforcement actions against many crypto companies, including Ripple, Kraken, Coinbase, and Binance. Although Gensler’s term in office is scheduled to end in June 2026, a change in government, either with Trump or Kamala Harris, could lead to Gensler leaving the agency. Vision For America As A Bitcoin Superpower Trump also intends to refashion the US into the world’s leading crypto capital if he wins the…
Filed under: News - @ July 28, 2024 7:14 pm