Trump’s Pro-Crypto Promises May Be Unrealistic, Warns Expert

Donald Trump may not be able to fulfill some of his pro-crypto campaign pledges if elected in November, according to digital assets expert Professor Tonya Evans. The Republican nominee has vowed to fire SEC Chair Gary Gensler on his first day in office, but Evans warns that such promises are a "literal impossibility" due to the lengthy official process required for such actions.

While Trump has recently garnered support from the crypto community, Evans cautions that voters should prioritize the long-term health of the crypto ecosystem over short-term political promises. She notes that complex issues like cryptocurrency require careful deliberation, and Trump’s promises, such as firing Gensler, may not be feasible under current administrative law.

Kamala Harris, now the Democratic nominee, also faces pressure to clarify her stance on crypto. Evans highlights Harris’s background in technology and suggests that she could differentiate herself from the Biden administration by pushing for clearer and more balanced crypto regulations. Although the current administration has been criticized for its strict approach to crypto, Harris has the opportunity to foster innovation and financial inclusion while addressing the concerns of the crypto community.

Related Articles