We’re at the Dawn of a New Crypto Era

We’re at the Dawn of a New Crypto Era

“On Day One, I will fire Gary Gensler.”

Last July during his address at the Bitcoin 2024 Conference in Nashville, President Trump vowed that if reelected, he’d immediately replace Securities and Exchange Commission (SEC) Chair Gary Gensler with a much more crypto-friendly leader.

When the president made this campaign promise, the crowd’s response was so deafening it made my ears ring.

Just four months later, President Trump was reelected… And last Monday, he was sworn in as the 47th president of the United States.

Before President Trump had the chance to fire Gensler, though, he had already resigned. But he did keep his promise to replace him with a pro-crypto SEC chief. (More on that below.)

Over the past four years, Gensler was public enemy No. 1 of the crypto community.

● He resisted efforts to launch crypto exchange-traded funds (ETFs), which make it easier for mainstream investors to gain exposure to the digital asset class.

● He endorsed tough and complex accounting policies, which made holding digital assets virtually impossible for many traditional financial institutions.

● And he filed numerous lawsuits against industry leaders – including established players like Coinbase and Ripple – pushing innovation offshore.

At the Bitcoin Conference, President Trump vowed to help the crypto industry flourish if reelected. Not regulate it essentially out of existence like the previous administration.

We’re just a few days into President Trump’s second term, and the regulatory environment is already moving in the right direction for crypto.

That means higher prices are ahead for people who take advantage of this window of opportunity right now.

The Dawn of a New Crypto Era