Donald Trump plans to dismiss SEC Chairman Gary Gensler immediately upon assuming office, aiming to reposition the U.S. as a global leader in cryptocurrency.
Points
- Trump intends to fire SEC Chairman Gary Gensler to support the crypto industry.
- He aims to establish the U.S. as the global center for crypto.
- Trump’s stance on cryptocurrencies has evolved to attract crypto community support.
- Political experts suggest this move is part of a broader strategy to secure votes.
Former President Donald Trump has declared his intention to dismiss Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission （SEC）, immediately upon assuming office. Trump highlighted Gensler’s unpopularity within the crypto community as a crucial element of his plan to endorse the crypto business.
Trump’s Promise at the Bitcoin Conference
During a recent Bitcoin Conference, Trump reiterated his pledge to commute Ross Ulbricht’s sentence, founder of the online illegal drug marketplace Silk Road. Ulbricht is serving a double life sentence plus 40 years for charges including computer hacking, money laundering, narcotics trafficking, and running a criminal enterprise.
Public Reactions and Criticisms
Critics argue that Trump’s promise to pardon Ulbricht is an attempt to garner votes from the crypto community. Some, like Ron Filipkowski, have pointed out that Trump’s familiarity with Ulbricht’s case is superficial and politically motivated.
“Just to be clear, he never heard of this guy until a day before the libertarian convention last month. He still doesn’t know anything about what this guy did, but he wants votes,” Filipkowski posted.
Is Trump Playing to the Gallery?
Political experts suggest Trump may be following pollster advice to curry favor with voters, including the crypto community. Before the Bitcoin Conference, David Bailey, CEO of Bitcoin Magazine, listed the release of Ross Ulbricht as a major criterion to secure support from crypto enthusiasts.
Conclusion
Trump’s commitment to firing SEC Chairman Gary Gensler and commuting Ross Ulbricht’s sentence highlights his strategic shift to attract the crypto community’s support. As he campaigns for the 2024 presidential election, Trump’s evolving stance on cryptocurrencies and promises to establish the U.S. as a global crypto leader play a key role in his strategy to secure votes.
解説
- Political Strategy: Trump’s pledge to fire Gensler and commute Ulbricht’s sentence is seen as a strategic move to attract the crypto community’s support.
- Crypto Industry Support: By aligning himself with pro-crypto policies, Trump aims to position the U.S. as a global leader in the cryptocurrency space.
- Public Reactions: Criticism of Trump’s promises suggests skepticism about his true intentions and familiarity with Ulbricht’s case.
- Campaign Strategy: Political experts believe Trump’s moves are part of a broader strategy to secure votes from various voter groups, including the crypto community.