Senator Lummis predicts SEC Chair Gensler will step down if Trump wins the 2024 election.
Trump vows to fire Gensler on “day one” during a speech at the Bitcoin 2024 Conference.
Lummis criticizes Gensler’s enforcement-focused approach and calls for clearer crypto regulations.
Senator Cynthia Lummis stated that current Securities and Exchange Commission (SEC) Chair Gary Gensler might step down if Donald Trump wins the 2024 presidential election.
In an interview on CNBC’s Squawk Box on September 27, Lummis addressed the hosts’ remarks about Gensler’s dedication. She expressed doubt about whether Gensler would stay in his role if Trump were elected president, noting that she didn’t expect such a scenario under a Trump administration.
Lummis’s comments followed Trump’s speech at the Bitcoin 2024 Conference in Nashville, where he vowed to remove Gensler on his first day back in office, if re-elected. The crypto community welcomed Trump’s promise, which came after growing frustration with how Gensler has managed the digital asset space.
Lummis’s Call for Clear Crypto Regulations
Senator Lummis criticized Gensler for relying on enforcement actions…
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