Donald Trump Can’t Fire Gary Gensler, But Pro-Crypto Policies Means Industry Is On The Verge Of ‘A Golden Era’
A new report highlights that while President-elect Donald Trump‘s return to the White House signals potentially favorable shifts for the cryptocurrency sector, he cannot directly fire SEC Chair Gary Gensler.
What Happened: Constitutional scholars assert that although Trump has pledged to create a more crypto-friendly regulatory environment, he is limited to appointing a pro-crypto commissioner to act as chair instead of Gensler, according to a report from Galaxy Digital.
Trump’s electoral victory, combined with new majorities in Congress, is expected to support policies that ease the regulatory landscape for crypto, as noted by Galaxy.
Trump’s inner circle includes prominent crypto advocates like VP-elect J.D. Vance, campaign supporter Vivek Ramaswamy and RFK Jr., all of whom hold pro-crypto views.
Trump’s supporters also include influential figures in the crypto industry who …
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