Donald Trump

President Donald Trump

<ul class="wp-block-list news-points"> 
 <li><strong>Trump’s intent to replace SEC Chair Gensler could reshape crypto and financial regulation.&nbsp;&nbsp;</strong></li> 
 <li><strong>Legal uncertainties surround the president’s power to remove SEC commissioners without cause.&nbsp;&nbsp;</strong></li> 
 <li><strong>Fraud in traditional banking raises questions about regulatory priorities in finance sectors.</strong></li> 
</ul> 
<p>Former President Donald Trump has publicly pledged to remove current SEC Chair Gary Gensler if he wins the 2024 presidential election, promising to appoint a more crypto-friendly regulator.</p> 
<p>This decision could shift regulatory oversight of the crypto and financial markets. However, questions about the president’s authority to remove SEC commissioners without cause have raised legal concerns.</p> 
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   <p lang="en" dir="ltr">If Trump wins, one of these things will happen:<br><br>1. <a href="https://twitter.com/GaryGensler?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@GaryGensler</a> resigns promptly, as is the tradition when there is a change in administration. <br>2. Trump asks for Gensler's resignation on Day 1 and he complies.<br>3. Trump replaces Gensler as SEC Chairman, but allows him to…</p>— MetaLawMan (@MetaLawMan) <a href="https://twitter.com/MetaLawMan/status/1851226577792626935?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 29, 2024</a>
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<h2 class="wp-block-heading" id="h-legal-hurdles-in-replacing-the-sec-chair">Legal Hurdles in Replacing the SEC Chair</h2> 
<p>If Trump secures the presidency, Gensler faces a few possible outcomes. Typically, SEC chairs step down with a change in admi…</p>
<p>The post <a href="https://coinedition.com/trump-vows-to-remove-secs-gensler-supports-pro-crypto-shift/">Trump Vows to Remove SEC’s Gensler, Supports Pro-Crypto Shift</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Trump Vows to Remove SEC’s Gensler, Supports Pro-Crypto Shift

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