He said that upon assuming office he would dismiss Gary Gensler, the SEC chairman who is unpopular with the industry. “We will have regulations, but from now on the rules will be written by people who love your industry, not hate your industry,” he added.
Trump calculated that by offering his support to the crypto industry, he could lure potential donors and motivate crypto-focused voters to swing his way by showing he would protect their businesses, livelihood, and investment portfolios.