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He also adds that he will fire SEC chair, Gary Gensler, “on day one” as he says that he wants someone in the post who “should not block the future”. For some context, Gensler is not the most popular person in the crypto industry amid his views and law enforcing actions against the likes of Coinbase and Binance.
Besides that, Trump also vows to make the US the “crypto capital of the planet” and says that Bitcoin isn’t a threat to the dollar’s status.
Amid his comments, Bitcoin turned lower initially from $68,400 to $66,635 before pushing back up to $69,000. The price is now trading at $68,140 but it is more or less flat on the week itself.
This article was written by Justin Low at www.forexlive.com.
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