Donald Trump Promises To Fire Gary Gensler as SEC Chair On Day One

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Donald Trump promised to sack Gary Gensler on his first day in office as president.
The Bitcoin community applauded Trump’s statement.
Trump plans to build a strategic national Bitcoin stockpile.

Former U.S. President Donald Trump has promised to sack Gary Gensler, the U.S. Securities and Exchange Commission chair, on day one if he gets re-elected. Trump made the promise while speaking at the Bitcoin 2024 Conference in Nashville.

The Bitcoin community applauded Trump’s statement, reflecting their displeasure with the SEC chair over his handling of the cryptocurrency sector during his tenure. Most crypto users see Gensler as a hostile figure, considering his history of regulatory enforcement. They have also criticized him for refusing to create rules specific to the crypto industry.

It is worth noting that President Biden nominated Gensler in 2021, and the latter has led the commission since then. Hence, Trump’s promise to fire the SEC chair on day one implies he would relieve Gensler of his duties despite having one more year before completing his tenure as the head of the commission.

Firing Gensler is one of the multiple promises Trump made to the Bitc…

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