Analysis:Crypto players ready wishlist for potential second Trump administration

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Analysis:Crypto players ready wishlist for potential second Trump administration - Channel News Asia

Quick Summary:

When former U.S.president Donald Trump promised a bitcoin conference on Saturday that if reelected he would fire Securities and Exchange Commission Chair Gary Gensler, a crypto skeptic, the crowd roared with delight.

Brian Hughes, senior advisor to Trump's campaign, said in a statement the former president is prepared to remove "obstacles and unnecessary burdens" for crypto.

Citing a Supreme Court ruling, Gensler says most crypto tokens behave like securities and should be strictly regulated in the same way, a position lower courts have mostly backed.