Trump Says He Will Fire SEC Chair Gary Gensler On Day One If Reelected As President
The post Trump Says He Will Fire SEC Chair Gary Gensler On Day One If Reelected As President appeared first on Coinpedia Fintech News
The Bitcoin conference is buzzing with excitement, especially after Donald Trump’s remarks about firing SEC Chair Gary Gensler, which were met with enthusiastic cheers from the Bitcoin community. At the Nashville Bitcoin conference, Trump said, “I will fire Gary Gensler and appoint a new SEC Chair on day one. The moment I’m sworn in, the persecution stops and the weaponization ends against your industry. I will appoint new SEC chair who believes America should build the future not block.”
The former president also said that if he is elected, he will appoint a Bitcoin and Crypto presidential advisory council, who will be responsible for getting transparency into the sector. “We are going to have a great industry,” he added.
Trump also addressed how they will manage the supply and demand for electricity. He said, “We will be having power plants built, we will be using fossil fuels. We will do it in an environmentally friendly way. If we don’t do it, China and others are going to be doing it. Let’s do it and do it right. If crypto is going to define the future I want it to be mined, minted and made in the USA.”
Trump added that his administration wouldn’t stop there. “We will harness American energy in all forms. I have set the ambitious goal that by the end of my term, the United States will have the lowest cost of energy and electricity of any nation on Earth. We can achieve this because of the vast resources we have beneath our feet. With low energy costs, America will become the world’s undisputed Bitcoin mining powerhouse.”
He also added, “I’m proud to be the first major party nominee in American history to accept donations in Bitcoin and crypto, and they’ve made a lot of them, I might tell you, and I appreciate it. Since we made that announcement on May 21st, we have already raised $25 million, much of it in Bitcoin, crypto, and others that are very, very good also.”
(This is a developing story, stay tuned for more updates)