The fact that Donald Trump, who promised support to the crypto world, became the new owner of the White House immediately triggered the country’s largest cryptocurrency exchange. Stock exchange legal counsel Paul Grewal gave a clear warning to the SEC, where the company is being sued.
“Stop Judging, Start Talking”
In his tweet, Grewal said the SEC should change its policy as soon as possible and used the following statements:
“I hope the SEC understands what happened today. Voters made it clear they wanted change on many issues. Crypto is no exception. The SEC should stop suing crypto companies. They start talking to us. We need to start making laws and rules “no need to waste time.”
Gensler is leaving, Pierce is coming.
Cryptoworld wants SEC Commissioner Hester Pierce, known as the “Mother of Crypto,” to replace Gary Gensler. Pearce has recently been one of the first to openly criticize Gensler and the company’s policies. Pearce criticized the agency he was working for arbitrarily, particularly at a previous Financial Services Commission meeting that Gensler attended. Pierce also has the support of several Republican members of Congress.
Trump vowed to fire Gary Gensler if elected president, using strong language to say, “I will fire him immediately.”
