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If Trump is elected, the cryptocurrency market may usher in changes! ! ! !

If Trump is elected, the partnership with Gensler may continue

Former President Donald Trump publicly claimed that he was a candidate who supported cryptocurrency and planned to end the so-called "anti-crypto movement" within an hour if he was re-elected.

However, regarding specific cryptocurrency policies, Trump's team has always maintained a mysterious attitude.

It is worth noting that the current SEC (Securities and Exchange Commission) Chairman Gary Gensler's term will last until 2026. This means that even if Trump is elected, he cannot immediately remove Gensler from his position. According to US law, the president has the right to dismiss SEC members only if they show "inefficiency, dereliction of duty or malfeasance."

In addition, the current President Joe Biden has nominated Caroline Crenshaw for re-election as an SEC member, and this nomination will be submitted to the Senate for a vote next month. This further increases the uncertainty that Trump will face in cryptocurrency policy if he is elected.

The signal behind Trump's cryptocurrency stance

Trump's statement has undoubtedly attracted widespread attention in the cryptocurrency community. His pro-cryptocurrency stance may mean that if he is re-elected, the regulatory environment for cryptocurrencies in the United States will be relaxed to a certain extent. However, considering the possible partnership between Trump and Gensler and the Senate's vote on Crenshaw's re-election, there are still many variables in whether Trump can achieve his cryptocurrency policy goals.

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