The author believes that Donald Trump's pro-crypto stance during his campaign, particularly his promise to fire Gary Gensler, the SEC chairman, has resulted in Gensler's resignation. The author speculates that with Gensler gone, the upcoming Trump administration may establish a regulatory landscape that allows for the proliferation of scam coins, which could lead to fraud and rug pulls. They also suggest that the Democrats may either adopt or turn against Bitcoin, creating a polarized political environment for bitcoiners in the future. However, these are just speculations, and the author acknowledges that they do not have a crystal ball. The opinions expressed in the article are solely those of the author and do not represent BTC Inc or Bitcoin Magazine.
- Content Editor ( bitcoinmagazine.com )
- 2024-11-22
Gary Gensler’s Departure Is No Triumph For Bitcoin