#TrumpBacksCFTCAuthorityOverPredictionMarkets

The Cryptocurrency Industry is Crushed by Gary Gensler, Trump Promises to Make the US the Center of the World

Donald Trump launched an open attack on former SEC leader, Gary Gensler, through the Truth Social platform on Wednesday (May 27) U.S. time. In the post, Trump accused Gensler and the "Anti-Crypto Force" group of nearly destroying the American crypto industry by forcing innovators and entrepreneurs to move abroad. However, he claims to have successfully saved the crypto industry and declared that the United States will become the global crypto hub.
To prevent a repeat of industry exodus, Trump promises to formulate a regulatory structure for the crypto market that guarantees long-term certainty. This regulation is designed robustly so that it cannot be overturned by crypto-hating parties in the future. Through this legal certainty guarantee, Trump openly welcomes developers and founders to return home and build a modern financial system in America, without fear of repressive regulations.
Closing his statement, Trump expressed his commitment to never disappoint the crypto community. This aggressive political rhetoric sends a strong bullish signal for the industry as a whole. This protection narrative is seen as capable of restoring business confidence, as well as potentially attracting back billions of US dollars in institutional capital flows that previously had to seek refuge in jurisdictions outside America.