Trump pledges to fire SEC Chair Gensler, hire people who 'love' crypto

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Trump pledges to fire SEC Chair Gensler, hire people who 'love' crypto - Business Standard

Quick Summary:

If he wins the presidency, Trump would have significant sway over the top regulators for the burgeoning industry.

Republican Senator Cynthia Lummis of Wyoming, who attended the Nashville conference, said she plans to draft a bill requiring the government to build a stockpile of up to 1 million Bitcoin over five years.

Trump’s economic agenda, which promises to reduce tax rates and slash government regulation, has found a receptive audience among Wall Street and business interests eager for an alternative to the policies of President Joe Biden and Vice President Kamala Harris, the likely Democratic nominee.