Donald Trump promises significant changes to crypto policies, including firing SEC Chair Gary Gensler, if he is reelected.
Points
- Trump plans to fire SEC Chair Gary Gensler.
- Creation of a Bitcoin and crypto presidential advisory council.
- Commitment to halt the development of a US central bank digital currency （CBDC）.
At the Bitcoin 2024 conference in Nashville, Tennessee, former President Donald Trump announced his intent to fire SEC Chair Gary Gensler on his first day if reelected. Addressing a crowd of Bitcoin enthusiasts, Trump outlined his vision for the crypto industry, which includes establishing a Bitcoin and crypto presidential advisory council.
“The moment I’m sworn in, the persecution stops, and the weaponization ends against your industry,” Trump declared. He emphasized the need for America to lead in the crypto space and criticized the current administration’s approach towards digital assets. Trump also vowed to halt the development of a US central bank digital currency （CBDC）, stating, “There will never be a CBDC while I’m president of the United States, and I will always defend the right of self-custody.”
Trump’s statements were met with enthusiasm from the audience, highlighting the ongoing friction between the crypto industry and regulatory authorities. His promises reflect a shift in his stance, positioning himself as a pro-crypto candidate in the 2024 presidential race.