Trump says he will FIRE Gary Gensler if he becomes president

[NotATether]

Well Trump spoke at Bitcoin 2024 conference, and you have to say, what he was going to tell us was predictable.

Both Trump and Vance promised to get rid of Gary Gensler (but honestly it would be better for all parties if he left by himself).

Trump also made promises about US mining, stablecoins (), operation Chokepoint 2.0 and that bitcoin reserve thing we've been hearing rumors about.

[Stompix]

Did he also mention about overturning some taxes, like
- the tax on crypto trading that he put in place when he was president?
- the tax on bitcoin mining gear that again he was the one that raised it?

That Bitcoin fund sounds like the wall, and the promise about Gensler is just as much as how he wowed to send Hillary to jail in 2016.
And there are still some that believe this buffoon!

[Lucius]

~snip~
Both Trump and Vance promised to get rid of Gary Gensler (but honestly it would be better for all parties if he left by himself).

I think that GG has a mandate until 2026 and that he cannot just be removed from his position - and besides, he is at the head of the same SEC that approved futures and spot ETFs - which did not happen when Trump was president because then Bitcoin was, in his words, "just seems like a scam."

As for Vance, that man scares me personally because I see something very unusual in his eyes that tells me that he has no sincere intentions at all. However, everything that the two of them say sometimes seems like a very bad joke - because judging by what was recently said by Trump, they are planning to abolish democracy in the US

“I don't care how, but you have to get out and vote,” Trump told the crowd at Turning Point Action’s Believer’s Summit. “Christians get out and vote. Just this time. You won't have to do it anymore.”

 “In four more years, you know what? It’ll be fixed. It’ll be fine. You won't have to vote anymore, my beautiful Christians,” Trump added during his 70-minute long speech. “We'll have it fixed so good. You're not going to have to vote.”

[famososMuertos]

Unfortunately for politicians or rather for the people, political speeches are generally segmented to the niche they are directed to... any of their propositions for or against are full of 'volatility', things like favorable regulations and government support are so generic, that they are in search of capturing 'today' voters from our niche, then the promises become just that, promises.

What is feasible,  Donald Trump became the first former president of the United States at a Bitcoin conference.

Gary Gensler, You're fired...
What's new here? It's more of the show (sitcom) to fans.

[target]

I wasn't following the conference but I watched snippets in youtube that Trump didnt mention that Bitcoin Reserve thing. He still is realistic to his promise and didn't promkse that thing. If he promise to fire GG yet there is a contract that Gensler shall stay up to 2026, he is still the president by 2027.

About mining, how is it possible that BTC can only be mined in US?  If the other countries like China or Germany can't mine BTC, will it be considered decentralized?

[Mr. Magkaisa]

Well Trump spoke at Bitcoin 2024 conference, and you have to say, what he was going to tell us was predictable.

Both Trump and Vance promised to get rid of Gary Gensler (but honestly it would be better for all parties if he left by himself).

Trump also made promises about US mining, stablecoins (), operation Chokepoint 2.0 and that bitcoin reserve thing we've been hearing rumors about.

       -     When that happens, many crypto communities will be happy for sure, that's why gensler is probably praying now. because that gengsler is like a thorn in our deep crypto communities.

But even so, we should always wait to see what Trump can do when he is the sitting President. And probably also in other countries that open cryptocurrency, you will probably adopt it.

[TomPluz]

Both Trump and Vance promised to get rid of Gary Gensler (but honestly it would be better for all parties if he left by himself).

In case Trump and Vance will win in the coming November election, I am so sure that Gary Gensler will be required to tender his resgination to pave the way for the next administration come January 20, 2024. This can be one of the many things that the cryptocurrency industry can be asking of Trump to appoint an acceptable head of SEC, one that understands well the industry and is not an antagonist but friendly and cooperative. And that is why, some known figures of the industry are endorsing the Trump team as they know that under Trump there is a big possibility for the industry to flourish and whose voice is being given value, unlike what is happening under the Biden regime and can still happen under Kamala Harris.

[Charles-Tim]

Both Trump and Vance promised to get rid of Gary Gensler (but honestly it would be better for all parties if he left by himself).

I liked how that man dealt with those centralized coins before but until ether that supposed not to have ETF was consider and its ETF was approved.

Trump also made promises about US mining, stablecoins (), operation Chokepoint 2.0 and that bitcoin reserve thing we've been hearing rumors about.

I hope if Trump is elected as the next United States president, he should only consider bitcoin and not those centralized tokens as part of the reserve.

[Stompix]

In case Trump and Vance will win in the coming November election, I am so sure that Gary Gensler will be required to tender his resgination to pave the way for the next administration come January 20, 2024.

How? The president can't fire the head of the SEC or the CFTC, he was assigned till 2026 he will serve till 2026, unlike what Trump thinks this is not a dictatorship where the president goes around firing people and assigning ones as he wants. This is the usual bs that Trump says in 100 different colors to get votes from everyone, he picks somebody who is hated by a community and then comes and preaches to those how he will fire and replace him.

We had 4 years of draining the swamp, what did he do? Well, nothing!

[Lucius]

~snip~

I also wrote the same in the third post, but it is obvious that some people think that Trump will have absolute power if he becomes president. Given that he announces that people will no longer have to vote after the next election, this suggests that he has in mind to transform the US into a country similar to Russia or North Korea, which is not surprising given how much he values ​​their leaders.

[bitmover]

Well Trump spoke at Bitcoin 2024 conference, and you have to say, what he was going to tell us was predictable.

Both Trump and Vance promised to get rid of Gary Gensler (but honestly it would be better for all parties if he left by himself).

Trump also made promises about US mining, stablecoins (), operation Chokepoint 2.0 and that bitcoin reserve thing we've been hearing rumors about.

I am impressed how bitcoin price didn't react more aggressively to all declarations made by Trump.

Democrats are desperate, they don't even have an official candidate yet

[bayu7adi]

At a time when the cryptocurrency industry needs easy regulation from the government, Trump is here to seek votes to win the election. Those who are familiar with the campaign period must understand how a person's sincerity can be measured when giving a speech... . I am not a US citizen, but the US presidential election is certainly a very important thing.

I do not easily believe his statement that when he was president on his first day he immediately fired GG ... even though I don't believe it, at least I am quite entertained by his speech that wants to maximize the potential of Bitcoin.

He even touched on the difference in Bitcoin's price increase when Trump was president, where he said that the 3900% increase was something he was proud of compared to after Biden & Harris took office, it only increased by about 50% when adjusted for inflation.

[NotATether]

As for Vance, that man scares me personally because I see something very unusual in his eyes that tells me that he has no sincere intentions at all. However, everything that the two of them say sometimes seems like a very bad joke - because judging by what was recently said by Trump, they are planning to abolish democracy in the US

You are talking about one of the biggest Trump critics in the Republican camp who has now become Trump's vice president pick. So that kind of explains itself.

Democrats are desperate, they don't even have an official candidate yet

I am wondering why they haven't officially nominated Harris yet. I mean it's obvious that she's the leading face of the party now since you see her all over the news every day. It seems like they only churn out articles about Trump and whoever the DNC thinks is going to be their candidate.

[Stompix]

Democrats are desperate, they don't even have an official candidate yet

I am wondering why they haven't officially nominated Harris yet. I mean it's obvious that she's the leading face of the party now since you see her all over the news every day. It seems like they only churn out articles about Trump and whoever the DNC thinks is going to be their candidate.

Because the Democrat Convention is on 19-22nd of August?
Even Trump was officially nominated just two weeks ago and those meetings were scheduled a year ago for both parties.

I am impressed how bitcoin price didn't react more aggressively to all declarations made by Trump.

Well, one look at the wall he built if giving a lot of people an idea of how much to bet on his promises.

Remember the Vulcano bond, the Bitcoin city, Salvador becoming the hub for mining, all that stuff???
Now multiply the expectations by 10 and divide the trust by 100! 

[akeemqaz]

It's also better if they fire him. I think it would be more beneficial because of the ways he has been causing problems for many crypto projects personally. He never sues memecoins but always targets coins with good utilities.