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 victory has ignited speculation about the sector’s new era, including the 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 outcome was expected to impact the country’s crypto industry development. The candidates’ stance on digital assets became an increasingly decisive factor throughout the campaign, with millions of dollars being donated in digital assets to both parties.
The pro-industry candidate’s victory made the market surge nearly 7% in the last 24 hours, sending Bitcoin (BTC), the largest cryptocurrency by market capitalization, to its most recent all-time high (ATH) of $75,358.
Justin Sun joined several other industry figures reacting to Donald Trump’s victory at the November 5 election. Tron’s founder congratulated the Republican politician on X, hoping for a friendly approach that helps develop and improve the industry in the future:
Congratulations to President Trump on becoming the new U.S. President! We hope for crypto-friendly policies that promote industry growth. These changes can make America even greater. Looking forward to success in the crypto space under this leadership!
He also asked what would happen to the SEC’s chairman, Gary Gensler, now that Trump was elected President. It’s worth noting that the newly elected President pledged to fire Gensler on his first day in office.
The SEC’s chairman is widely known in the community for leading the regulator’s crackdown on the sector and “regulation by enforcement” approach, which has been heavily criticized over the years.
Sun jokingly asserted that the community should have an “inclusive heart” and offered to hire Gensler “if he can genuinely treat the industry with sincerity.” A community member suggested Sun to “hire him with 0 power & jurisdiction over anything, just have him watching from the sidelines like he did to us.”
Crypto Voters Spoke ‘Loud And Clear’
Coinbase’s Chief Legal Officer (CLO) Paul Grewal also addressed the US regulatory agency following Trump’s win. Grewal hopes the SEC will understand that the election’s result implies that “on many issues,” including crypto, “the voters said loud and clear that they want a change.”
The CLO urged the SEC to stop suing crypto companies and start talking to the industry instead, asserting there’s no reason to wait to initiate better rulemaking. Similarly, Coinbase’s Chief Executive Officer (CEO), Brian Armstrong, highlighted crypto voters’ victory.
Armstrong welcomed the new members of “America’s most pro-crypto Congress ever.” And remarket that over 260 pro-industry candidates will represent the sector between the US House of Representatives and Senate.
Tonight, the crypto voter has spoken decisively – across party lines and in key races across the country. Americans disproportionately care about crypto and want clear rules of the road for digital assets. We look forward to working with the new Congress to deliver it.
Ripple’s CEO Brad Garlinghouse also expressed his excitement about the industry-friendly Congress, highlighting the wins of industry champions like Senator Bernie Moreno and Congressmen Ritchie Torres and Andy Barr.
