Trump Vows to Fire SEC Chair and Embrace Crypto Industry in Presidential Bid
Former President Donald Trump made headlines at a bitcoin conference in Nashville, Tennessee, where he outlined his plan to make the United States the “crypto capital of the planet.” Trump promised to fire SEC Chair Gary Gensler and appoint crypto-friendly regulators if he returns to the White House, signaling a significant shift in his stance on digital assets.
During his speech, Trump pledged to create a crypto industry presidential advisory council, establish a stablecoin framework, and reduce enforcement in the industry. The crowd cheered as Trump declared his intention to make America the world’s leading Bitcoin mining powerhouse.
This change in Trump’s attitude towards cryptocurrencies reflects the growing influence of the industry in the political arena. Crypto industry donors have significantly increased their contributions to the 2024 election, with Trump’s economic agenda resonating with Wall Street and business interests seeking an alternative to current policies.
Trump’s appearance at the conference comes amidst a heated 2024 race, with a failed assassination attempt against him and President Joe Biden’s decision not to seek reelection. Trump has engaged with prominent figures in the crypto industry, including Elon Musk, and has begun accepting donations in digital assets for his campaign.
Overall, Trump’s speech signals a new era of support for the crypto industry in the political sphere, with potential implications for future regulations and policies surrounding digital assets.
