Donald Trump said that if he wins the 2024 election, he will fire Gary Gensler, the head of the U.S. Securities and Exchange Commission (SEC), on his very first day as president. Gensler has been tough on cryptocurrency companies, making rules that some people feel are too strict. Trump’s plan to fire Gensler shows he might want to make things easier for the crypto industry.
People are curious to see if Trump will really fire Gensler and if it will lead to changes in crypto rules. Many in the crypto community hope it will bring fewer restrictions, allowing the industry to grow. However, others believe that even with new leadership, it’s important to handle crypto regulations carefully to keep things fair and safe for everyone. Anyways let's see what happens.
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