Official announcements from the White House or SEC

Trump Plans to Fire SEC Chairman Gensler, Promises Pro-Bitcoin Agenda and Hundreds of Billions for U.S. Mining

Nov 6, 2024, 02:15 PM

Donald Trump has announced plans to fire current SEC Chairman Gary Gensler if he is elected president. Trump stated that he would appoint a new SEC chairman who supports innovation rather than regulation that hinders progress. This promise aligns with the views of Mike Novogratz, a prominent figure in the cryptocurrency space, who claims that Trump's agenda is pro-Bitcoin and emphasizes the need for the U.S. to lead in the cryptocurrency sector. Novogratz also highlighted that allowing banks to custody Bitcoin and hold it on their balance sheets could inject 'hundreds of billions' into the cryptocurrency ecosystem. Additionally, Trump has expressed intentions to ensure that all Bitcoin mining occurs within the United States and has previously promised clemency for Ross Ulbricht, the founder of the Silk Road darknet marketplace.