Trump's Triumph Is Also Crypto's: Gensler, Regulatory Clouds Likely to Vanish
Donald Trump is projected to win the presidency again, needing only three more electoral votes from a heavily Republican state, defeating Vice President Kamala Harris. Trump has engaged with the crypto industry, promising to fire SEC Chair Gary Gensler and advocating for a more favorable regulatory environment. Major networks projected Trump’s victory in Pennsylvania, which has 19 electoral votes, and Alaska, leading to his presidency. Trump also leads Harris by approximately 5 million votes. Republicans gained control of the Senate by flipping seats in Ohio and West Virginia. Trump has pledged to appoint a new SEC chair and support Bitcoin production in the U.S. He has expressed intentions to free Silk Road developer Ross Ulbricht and emphasized the importance of Bitcoin as a technological achievement. Trump's campaign rhetoric has included authoritarian themes and promises of mass deportations, alongside economic policies focused on tariffs.
