Trump promised to fire Gary Gensler because of his aggression towards crypto market participants

American presidential candidate Donald Trump plans to increase federal cryptocurrency assets and make the United States the “crypto capital of the world” if he wins the election. The politician announced this at the Bitcoin Conference in Nashville.

“This afternoon I will lay out my plan that will allow the United States to become the crypto capital of the world and the bitcoin superpower of the world, and we will achieve that,” CNBC quoted Trump as saying.

According to him, the policies of Gov. Joe Biden are “repressive.” Trump also announced his readiness to carry out personnel reshuffles against opponents of digital currencies.

The politician promised to fire Gary Gensler, who now heads the US Securities and Exchange Commission because of his intransigent position in the context of regulation of the crypto market.

At the same time, the media reminds that the US President does not have the authority to fire SEC commissioners. Even if Trump appoints a new chairman of the regulator, Gensler will remain a commissioner.

In addition, the Republican candidate wants to create a “presidential advisory council on bitcoin and cryptocurrencies.” He also intends to make sure that government officials do not sell their crypto assets.

Trump’s speech triggered a positive wave in the community and bullish sentiment in the market. According to Coinmarketcap, the major cryptocurrency is now in the green zone.

Bitcoin’s value exceeds $69,600. In the last 24 hours, the first digital coin has grown by more than 3%.

Santiment analysts point out that the social media sentiment around the BTC discussion has reached the most positive level in the last 16 months.