Crypto:
30821
Bitcoin:
$67.851
% 0.85
BTC Dominance:
%55.5
% 0.16
Market Cap:
$2.41 T
% 0.38
Fear & Greed:
72 / 100
Bitcoin:
$ 67.851
BTC Dominance:
% 55.5
Market Cap:
$2.41 T

Trump Vows to Oust SEC Chair Gensler for Crypto

Gary Gensler Donald Trump

Following his Saturday talk at Nashville’s Bitcoin 2024 conference, Donald Trump further described his crypto platform on stage an hour after his scheduled start.

While Trump’s speech mostly addressed a broad spectrum of general campaign-related themes, he also highlighted more particular commitments regarding bitcoin and the larger crypto sector.

Surprising Trump, the candidate said in a comment that resulted in a strong audience eruption of cheers that he intends to oust SEC Chair Gary Gensler if elected. A common opponent of the crypto sector, Gensler perceives most digital assets as illegally-issued securities, so his actions are widely seen as unnecessarily severe towards crypto enterprises.

Based on data from Arkham, Trump also declared that he would block the US from selling any of the 213,000 bitcoins, valued at over $14.5 billion, from past enforcement operations.

“It will be the policy of my administration… to keep 100% of all the bitcoin the US government currently holds or acquires into the future,” Trump declared. “This will serve in effect as the core of the strategic national bitcoin stockpile…It’s been taken away from you.”

Trump also reaffirmed pledges he had made in the past to pardon the sentence of Ross Ulbricht, founder of Silk Road, and prohibit the U.S. government from advancing a Central Bank Digital Currency (CBDC). Trump also expressed support for the bitcoin mining sector and positive opinions on creating stablecoins in the US.

“I will be the pro-innovation and pro-bitcoin candidate that America needs and that our citizens deserve,Trump declared, closing his remarks.

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