Trump says he will FIRE Gary Gensler if he becomes president

[Lucius]

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.

If by any chance you read all the posts in this thread (and there aren't too many), then you would know that the "promise" that he will replace GG is completely unfounded in law - unless Trump establishes a dictatorship and appoints himself as the supreme leader.

[Stompix]

It's also better if they fire him ~ He never sues memecoins but always targets coins with good utilities.

Can you name a few of those coins with "good utilities" ?
I would be thrilled to hear of a coin other than Bitcoin and maybe ETH that has any actual utility other than being tarded!

I think some really need to take a step back and understand that the SEC is not some crypto institution and that, well, cryptos are a drop in the bucket when it comes to ETF, which are a slice of what the SEC does.
So a bit of a wake-up call:

At year-end 2023, there were 1,872 index-based ETFs—with $7.4 trillion in total net assets—that were registered with the SEC under the Investment Company Act of 1940. ~ Bank of America, Goldman Sachs, and JP Morgan facilitated the most creations and redemptions for ETFs in 2023, collectively accounting for more than half of all ETF creations and redemptions,  Bank of America had agreements with more than 2,900 ETFs in 2023

So you're basically going to fire someone who can make 1000 types of pizza because he doesn't want to put don't the same pizza with pineapple and avocado. It's a really big world out there, it's not everything about crypto, and if you're going all zealot who is not with us must be fired you're not better than the previous system.

[Gurujebs]

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.

Gary Gensler still has some months to redeem himself because this is not just a warning but more like a threat to someone who has not dint his job properly for some days now but why is he threatening to sack everything, the same thing he said about CBDC. This might be helpful but I think people knowing this will only slow his chance of winning.

What I think he should be doing is not to say who he is going to sack but what he is going to bring to the table. It seems Gary Gensler must have sent him warning messages after those NFTs he minted on Ethereum chain last year.

[Wiwo]

At this point, I am not going to believe anything that any politicians say, because is just like singing the old version anytime there is an election, campaign promises are easy and drafted just to appease the listener's mind but the real deal will be when they get to the office.

Gary is a federal staff and there is the tenure of office, so evicting him from office due to whatever sentiment won't solve anything, I think Trump should be more focused on removing or reducing crypto taxation in the US to motivate crypto investors.

[EluguHcman]

If Gary's staying has elapsed or he is not doing well in the system then he should be gotten fired but though, it should not be a course of action of political sentimental differences.

[Baofeng]

If Gary's staying has elapsed or he is not doing well in the system then he should be gotten fired but though, it should not be a course of action of political sentimental differences.

He can be fired, but I don't see Biden doing that as he is a Presidential nominee. So as far as firing him if Trump's win, then it's the obvious that Trump will have his own SEC chair.

Just to put out though in his term as President, he had Jay Clayton, a SEC chair that goes after Ripple. Trump might have soften his stance on Bitcoin and the rest of the crypto, but he should nominated a SEC chair that knows what crypto is and not file charges or goes on a witch hunt on every projects, just saying.

[robelneo]

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

Trump knows how to play his card right, he will say what people want to hear since he is campaigning to get the nod and the votes of the cryptocurrency community.

These are what the community wants from one of the most powerful person in the world, but its up to the community to decipher if he is really true on all that he is saying, Trump, for all we know, is just deceiving so he can go back to office because he has a jail sentence to serve.

[bhadz]

Someone just handed out the speech to Trump including that context that the crypto community hates Gary Gensler for the decisions that he has made in the past. Like come on, he's approved the BTC and ETH spot etf and they're not just one applications but a bunch of it. Whoever is the speech writer of Trump needs to be more of the actuality in the crypto market and community and be truthful whether Trump knows a satoshi or not.

[bitterguy28]

Someone just handed out the speech to Trump including that context that the crypto community hates Gary Gensler for the decisions that he has made in the past. Like come on, he's approved the BTC and ETH spot etf and they're not just one applications but a bunch of it. Whoever is the speech writer of Trump needs to be more of the actuality in the crypto market and community and be truthful whether Trump knows a satoshi or not.

he can’t be that stupid to push bitcoin as one of his biggest points in all his campaigns if he at least didn’t know the basics of it

he has a very ambitious plan for bitcoin he wants to make sure that the people he will hire are pro-crypto and that usa will be again ahead of everyone when it comes to crypto he said he wants to make usa the crypto capital of the planet and that he will get it done by implementing regulations in support of crypto

[Mr. Magkaisa]

            -     You know, I was just wondering: how did Gary Geisler feel when Trump said that? Is he nervous? because he obviously sees that the chances are high that Trump will actually win the presidency.

Of course, if I were in GG's situation, it would be a big shame on my part if that happened, because even now it seems like Trump has shown that I am useless as Chairperson of the Sec, and it seems to have such an impact on me.

[Kemarit]

            -     You know, I was just wondering: how did Gary Geisler feel when Trump said that? Is he nervous? because he obviously sees that the chances are high that Trump will actually win the presidency.

Of course, if I were in GG's situation, it would be a big shame on my part if that happened, because even now it seems like Trump has shown that I am useless as Chairperson of the Sec, and it seems to have such an impact on me.

For sure, he might get nervous about the said announcement, I mean his job on the line here. Nevertheless, he can't do anything about it, I mean he is a nominated position. I mean he was there because Biden has put him in that position. So if ever Trumps win, then he should really step down. Because I think SEC chairman is one position that is tied with the tenure of the President. Maybe he gets nervous in the beginning, but for sure he knows the consequences of being a Presidential nominee. But for us crypto enthusiast, we want a SEC Chair that is lax and tolerant to crypto altcoin projects and that he will really be open minded and not going to go like witch hunting any projects that they deemed illegal.

[Wiwo]

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.

Yeah because forceful resignation is what can take him out of office before his tenure expirations, since in politics anything can happen, I have read all the of comments that says that Trump can not sack him even if he be the president when his tenure have not expired and the only way to get GG out office is through back door politics that could push GG to tender his resignation before his tenure expirations which is what will likely happens.

Donald Trump have been pronounced about his bitcoin stance lately and he won't want to work with any official that will slow down his bitcoin policy for this last tenure he is seeking for as a US president.

[UNIVERSE]

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).

After Trump said this, I think Gary Gensler will consider to resign if Trump really becomes the next president. Trump and Vance actually don't need to fire him, he knows if Trump and Vance dislike him. However, I don't really care with the change of Gary Gensler. As long as it will be better for crypto world, I will support Trump. But if Trump changes Gary Gensler with a worse one, it will be a bad sign for crypto in the next few years. I'm just curious if Trump can keep his promise, do you believe in Trump's promise, mate?

[bitmover]

            -     You know, I was just wondering: how did Gary Geisler feel when Trump said that? Is he nervous? because he obviously sees that the chances are high that Trump will actually win the presidency.

I think those politicians are used to stuff like that. He probably wasn't eager to work with trump.

And he will get an amazing job paying probably much more in private companies.

[pieppiep]

            -     You know, I was just wondering: how did Gary Geisler feel when Trump said that? Is he nervous? because he obviously sees that the chances are high that Trump will actually win the presidency.

I think those politicians are used to stuff like that. He probably wasn't eager to work with trump.

And he will get an amazing job paying probably much more in private companies.

Most of those who do politics always take advantage of the surrounding conditions to seek support that can increase support from the community. There has been a lot of information circulating about corruption carried out by the SEC, So this makes the community hate the SEC very much, Even the government from Warren Davidson and Tom Emmer have also prepared several strategies to fire SEC chairman Gary Gensler.