Donald Trump Confirms To Fire SEC Chair Gary Gensler

Donald Trump's speech at the Bitcoin Conference 2024 resonated with many in the crypto community. He criticized the US SEC for targeting Bitcoin

Donald Trump, former US President and Republican candidate for the 2024 presidential election, has announced his intention to fire SEC Chair Gary Gensler on his first day in office. This declaration was made during his speech at the Bitcoin Conference 2024, held in Miami, Florida.

Trump's announcement sparked discussions among crypto enthusiasts and attendees at the event, highlighting his aggressive stance on reshaping crypto regulations. He also reiterated his bullish stance on Bitcoin, which garnered attention in the market.

During his speech, Trump criticized the US SEC for targeting Bitcoin, highlighting its financial freedom from government overreach. He vowed to end the “anti-crypto crusade” and promised to halt the “persecution and weaponization” against digital assets.

"The day I take office, the anti-crypto crusade, persecution, and weaponization will stop,” Trump said. He also confirmed that he would be firing SEC Chair Gary Gensler on the first day in office if elected. Furthermore, he stated that he would be appointing a new SEC Chairman.

"I'd appoint a new SEC Chairman who believes in building America and not blocking the future,” Trump said, highlighting his intention to appoint an SEC Chairman who supports innovation and America's future in the digital asset space.

Criticizing Kamala Harris, Trump claimed that she wanted Gensler as Treasury Secretary and described her as a “low IQ individual” who is ضد crypto.

Vision For America As A Crypto Superpower

Apart from promising to fire Gensler, Donald Trump also shared his vision for America's standing in the crypto world. He expressed his aim to make the US the “crypto capital of the planet” and a “Bitcoin superpower.”

"If crypto is going to define the future, I want it to be mined, minted, and made in the USA. Crypto is going to the moon. I want America to lead the way,” Trump stated.

He also predicted that Bitcoin would surpass the market cap of silver and in the near future, it might also surpass gold. This reflects his belief in the crypto's future dominance among other assets.

Moreover, Donald Trump pledged to shut down Operation Chokepoint and to prevent the implementation of a Central Bank Digital Currency (CBDC) during his presidency.

"There will never be a CBDC while I am President of the United States, and I'd defend self-custody,” he asserted.

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