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Goodbye Gary Gensler – Donald Trump Vows to Overhaul SEC if Elected

28.07.2024 0:09 1min. read Alexander Stefanov
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Goodbye Gary Gensler – Donald Trump Vows to Overhaul SEC if Elected

The atmosphere at the Bitcoin conference is electric, especially following Donald Trump's statements about removing SEC Chair Gary Gensler, which were met with loud applause from the Bitcoin community.

Speaking at the Nashville Bitcoin conference, Trump declared that he would remove Gary Gensler and install a new SEC Chair on his first day in office.

He emphasized that once inaugurated, the persecution would end, and the weaponization against the Bitcoin industry would stop. Trump assured the audience that he would appoint an SEC chair who supports America’s future-building rather than obstructing it.

The former president also mentioned that if he wins the election, he plans to form a Bitcoin and Crypto presidential council to ensure transparency in the sector. He expressed confidence in the potential for a thriving industry.

Additionally, Trump discussed his plans for balancing electricity supply and demand. He stated that the country would construct power plants and utilize fossil fuels in an environmentally responsible manner.

He highlighted the importance of taking this step to prevent China and other nations from leading in this area. Trump concluded by saying that if crypto is to shape the future, it should be mined, minted, and made in the USA.

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