Donald Trump Threatens Crypto Developers Ahead of Election
CryptoNewsTerminal Staff16 Sep, 2024
Donald Trump Threatens Crypto Developers Ahead of Election
According to Decrypt, former US President Donald Trump has warned that U.S. crypto developers will face severe consequences if he loses the upcoming presidential election in November. Speaking at the launch event for the World Liberty Financial crypto project, Trump stated, "Every developer who is free now, they're going to be under investigation." He also emphasized that the current chairman of the U.S. Securities and Exchange Commission, Gary Gensler, is "very hostile" to crypto regulation. Trump's comments have sparked concern within the crypto community, with many fearing a crackdown on the industry if he is re-elected. However, it is important to note that Trump's threats are not new. In the past, he has made similar statements about other industries, and these threats have not always materialized. Ultimately, it remains to be seen what Trump's election would mean for the future of cryptocurrency in the United States. However, his comments serve as a reminder that the regulatory landscape for crypto is still uncertain, and that developers should be prepared for potential changes in the future.
