Official announcement from the White House or SEC

Trump Proposes Crypto Reforms: Fire Gary Gensler, National Bitcoin Stockpile, Claims Bitcoin Not Threat to Dollar

Nov 3, 2024, 03:30 PM

Donald Trump, a candidate in the 2024 U.S. Presidential Election, has outlined a series of proposals aimed at enhancing the cryptocurrency landscape in the United States. These proposals include plans to fire Gary Gensler, the current SEC Chairman, on his first day in office, establish a national Bitcoin stockpile, and position the U.S. as the 'Crypto Capital of the World.' Trump also emphasized the need for regulatory changes to create a fair and clear environment for cryptocurrencies, the formation of a Crypto Advisory Council within 100 days, and the right to self-custody of digital assets. In recent statements, Trump asserted that Bitcoin does not pose a threat to the U.S. dollar, but rather criticized the current government's behavior as the real threat to the currency. He reiterated this point in various forums, indicating a bullish stance on Bitcoin and its potential role in the U.S. economy.