Will The ”Crypto President” Deliver? What A Donald Trump Presidency Means For Crypto
Donald Trump has won the US presidency for a second term after emerging victorious against Kamala Harris in the US election, leaving many wondering if the Trump presidency will deliver on the campaign promises he made to the digital asset space From firing Securities and Exchange Commission (SEC) chair Gary Gensler ”on day one,” to making the US ”the crypto capital of the planet,” and establishing a strategic Bitcoin reserve, Trump has talked up an ambitious pro-crypto agenda. In anticipation of what’s to come, the crypto market is celebrating the victory, with Bitcoin’s price surging 8% to trade above $74K as of 8:09 a.m. EST, while the broader crypto market has seen its market capitalization jump 8%. Donald Trump Promises To Be “Crypto President,” Fire Gensler Earlier this year, Trump said he wants to become the “crypto president” if he gets elected, and that he’d get the job started by firing Gensler on the first day of his presidency. Gensler is widely despised in the cry