Donald Trump, Who Vowed to Fire SEC Chairman Gary Gensler, Was Elected President of the United States! What Happens Now?

Donald Trump, who is running for the US presidency for the third time and emerging victorious, is set to bring a crypto-friendly agenda to Washington and is promising a more harmonious regulatory environment.

Trump’s Return to the White House Could Signal a New Era for Crypto as Regulatory Clouds Lift

Trump is expected to clinch the critical battleground states of Pennsylvania and Alaska, giving him an edge over Vice President Kamala Harris and securing his return to the White House.

This shift is expected to be a major turning point for the U.S. crypto industry, as Trump has actively supported the digital asset community throughout his campaign, signaling pro-crypto policies and promising to replace Securities and Exchange Commission (SEC) Chairman Gary Gensler.

While crypto regulation did not dominate campaign discussions, Trump’s efforts to appeal to the industry were clear.

From speaking at a leading Bitcoin conference to serving burgers at a crypto-themed bar, he has consistently engaged with the community, building goodwill among digital asset enthusiasts and industry leaders.

At an event, he underlined his commitment by announcing that “Bitcoin will be made in the USA,” and this statement increased enthusiasm in the industry.

As part of his outreach, Trump also pledged to pardon Silk Road developer Ross Ulbricht, whose imprisonment was controversial in crypto circles. The move underscores Trump’s penchant for undoing past policies affecting the industry.

While he introduced several controversial regulations during his first term, such as a wallet proposal that was eventually rescinded, Trump’s current promises signal a turn toward easing SEC restrictions on digital assets.

*This is not investment advice.