During his speech at Bitcoin 2024, Donald Trump promised that if elected, he would fire Gary Gensler as soon as he took office. For his part, Tyler Winklevoss wants the future chairman of the SEC to be known before the election.
Donald Trump intends to fire Gary Gensler as soon as he takes office
With Gary Gensler's term as chairman of the Securities and Exchange Commission (SEC) theoretically set to end in spring 2026, the incumbent could see this deadline shortened in the event of a Donald Trump victory. And for good reason, during his speech in Nashville at the Bitcoin 2024 conference, the Republican candidate made unequivocal statements:
Let me say it again: On day one, I will fire Gary Gensler. I will appoint an SEC Chairman who believes that America should build the future, not block the future like they do.
It is true that The President of the United States can choose who to put in charge of the SECprovided however that the choice is validated by the Senate.
Just before the above remarks, Donald Trump promised an end to targeted attacks on the crypto ecosystem:
“I swear that the persecution and militarization against your industry will end as long as I am in the Oval Office.”
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For his part, Tyler Winklevoss estimated earlier on X that The name of the next SEC chairman should be known soon.
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A choice known before the election?
Knowing the name of the future SEC chairman before the presidential election could help Americans decide make a more informed choice :
Among other things, we should demand to know who the next SEC Chair will be before we head to the polls. That’s the main issue, and that’s how you make crypto bipartisan. No more guessing. No more hoping. No more surprises. Our industry should not tolerate any possibility of a repeat of the last 4 years. We need tangible change and proof of your commitment to treating our industry fairly and in good faith going forward.
While he had been Invited to a roundtable on crypto at the White House With his brother Cameron, Tyler Winklevoss explains that this invitation was canceled as soon as they took a position in favor of Donald Trump. According to him, this is “of a false commitment that only serves to create a meaningless echo chamber“.
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With Joe Biden's withdrawal in favor of Kamala Harristhe cards in the race for the White House have been reshuffled. Thus, the results of November 5 will allow us to see a little more clearly as to the position of the United States with regard to the ecosystem for the next 4 years.
For its part, Bitcoin (BTC) is trading at around $68,000 at the time of writing.
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Sources: YouTube, X
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Since 2021, I have devoted my free time to seriously training myself on cryptocurrencies in order to acquire as much knowledge and credibility as possible. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyses on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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