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Donald Trump promises to fire Gary Gensler! Gensler's resignation and expectations of Trump's presidency sparks BTC rally.
Trump's second term as president begins
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Trump's second term as president begins on January 20. Gary Gensler has long been a strong advocate for regulating the cryptocurrency industry. His actions were met with criticism and unrest within the crypto community, which accused the agency of "regulation by enforcement," especially after the SEC took action against major companies such as Coinbase, Binance, and Kraken. Gensler began his tenure at the SEC on April 17, 2021, focusing on various aspects of financial market regulation. He led efforts for centralized clearing
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