Donald Trump has declared his plan to dismiss Gary Gensler, the current Chair of the US Securities and Exchange Commission (SEC), immediately upon assuming office.
Trump highlighted Gensler’s lack of favor among the crypto community as a crucial element in his plan to endorse the crypto business. In addition, he stated his determination to establish the US as the foremost global center for crypto should he emerge victorious in the forthcoming election.
Donald Trump drew a parallel between the potential of the Bitcoin community and the early stages of the steel industry, and he voiced his respect for the community’s enthusiasm.
Trump has strategically positioned himself as a candidate who strongly advocates for cryptocurrencies and has openly expressed his endorsement for the business in recent months. He has advocated for American primacy in the crypto industry and emphasized the importance of the US leading in Bitcoin mining.
Trump’s transition from a previously skeptical perspective to a more favorable stance indicates a wider plan to connect with the cryptocurrency sector while campaigning for the 2024 presidential race.
Trump made his latest remarks following his selection of Ohio Senator JD Vance as his running partner for the 2024 Republican ticket. Influenced by Trump, the Republican National Committee has officially announced its endorsement of crypto innovations and its opposition to any efforts to restrict or regulate crypto.
Additionally, the Donald Trump reelection campaign has raised $3 million in contributions in the form of digital assets during the second quarter of 2024.
