Tron’s founder, Justin Sun, took X to congratulate the newly elected 47th President of the United States, Donald Trump. The pro-industry Republican candidate’s win has sparked speculation about the sector’s new era, including future anti-crypto regulators like Securities and Exchange Commission (SEC) Chairman Gary Gensler.
Is Justin Sun hiring Gary Gensler?
The US election was one of the most anticipated political events of the year, as its results were expected to impact the development of the country’s cryptocurrency industry. The candidates’ stance on digital assets became an increasingly crucial factor throughout the campaign, as millions of dollars in digital assets were donated to both parties.
The pro-industry candidate’s win sent the market up nearly 7% in the past 24 hours, pushing Bitcoin (BTC), the largest cryptocurrency by market cap, to an all-time high (ATH) of $75,358.
Justin Sun joins many other figures in the industry reaction Donald Trump’s victory in the November 5 elections. Tron’s founder congratulated the Republican politician on X, hoping for a friendly approach that will help develop and improve the industry in the future:
Congratulations to President Trump on becoming the new President of the United States! We hope for crypto-friendly policies that will boost the growth of the industry. These changes can make America greater. We look forward to success in the cryptocurrency space under this leadership!
He also wondered what would happen to SEC Chairman Gary Gensler after Trump was elected president. It is worth noting that the newly elected president pledged to fire Gensler on his first day in office.
The SEC chief is widely known in the community for his leadership of the regulator’s crackdown on the sector and its “regulation by enforcement” approach, which has been heavily criticized over the years.
Sun jokingly emphasized that the community should have a “comprehensive heart” and offered to appoint Gensler “if he can deal with the industry sincerely.” One community member suggested to Sun to “hire him with no authority and no authority over anything, just have him watch from the sidelines like he did with us.”
Sun offers to hire Gary Gensler. Source: Justin Sun on X
Crypto voters spoke ‘loud and clear’
Coinbase Chief Legal Officer (CLO) Paul Grewal as well Directed US regulatory agency after Trump’s victory. Grewal hopes the SEC understands that the election result means that “on many issues,” including cryptocurrencies, “voters said loudly and clearly that they want change.”
The CLO urged the SEC to stop prosecuting cryptocurrency companies and start talking to the industry instead, stressing that there is no reason to wait to start developing better rules. Likewise, Coinbase CEO Brian Armstrong said, Highlight The victory of encrypted voters.
Live election results. Source: Stand With Crypto
Armstrong welcomed the new members to “the most pro-crypto US Congress ever.” Remarketing promised that more than 260 pro-industry candidates would represent the sector between the U.S. House and Senate.
Tonight, the cryptocurrency voter spoke decisively – across party lines and in key races across the country. Americans are disproportionately interested in cryptocurrencies and want clear rules of the road for digital assets. We look forward to working with the new Congress to achieve this.
Ripple CEO Brad Garlinghouse too Express His enthusiasm for an industry-friendly Congress, highlighting the victories of industry champions like Senator Bernie Moreno and Congressmen Ritchie Torres and Andy Barr.
Total crypto market capitalization is at $2.41 trillion in the three-day chart. Source: TOTAL on TradingView
Featured image from Unsplash.com, chart from TradingView.com
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