He claimed that Bitcoin would rally like “never before” if he wins.
He also promised to fire the current Securities and Exchange Commission (SEC) chair, Gary Gensler, who has been openly hostile towards cryptocurrencies.
He has promised to reverse the Biden administration’s crackdown on Bitcoin, Ethereum, and other cryptocurrencies, arguing that the current approach is stifling innovation. “I will appoint a new SEC chairman who believes America should build the future and not block the future,” Trump stated at the Bitcoin 2024 conference.
Trump also announced the launch of Bitcoin-themed shoes from his footwear brand, Trump Sneakers. The high-tops, part of the new Crypto President collection, aim to “celebrate the future of finance and the leadership of President Trump,” emphasizing “strength and innovation.”
Vice President Kamala Harris, the presumptive Democratic opponent in the presidential race, has not yet outlined a clear stance on cryptocurrency. But her campaign quickly responded to Trump’s Bitcoin comments. One of her campaign accounts on X, dedicated to rapid response efforts, criticized Trump’s proposal by sharing his remarks.
