Analysis-Crypto players ready wishlist for potential second Trump administration
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.
Trump, who once derided cryptocurrencies as a “scam,” is courting the industry and winning big checks from donors hoping he will swiftly end Gensler’s crypto crackdown.
A Trump victory could change that virtually overnight. He could appoint a crypto-friendly chair to advance the industry’s wishlist, which includes spiking guidance that it says has limited Americans’ crypto custody options; a safe harbor for new tokens; and pulling enforcement actions.
It is ironic. Few are single issue voters yet so many make a big deal out of it.
Those who are against Trump but pro crypto arent going to vote for him. The reverse is also true.