Trump accuses Gensler of driving crypto overseas, vows to protect industry

U.S. President Donald Trump stated on Truth Social that former U.S. SEC Chairman Gary Gensler and a so-called anti-crypto army tried to destroy the U.S. crypto industry by driving Bitcoin, crypto perpetual futures products, and innovative technology overseas. "Under my leadership, the United States has once again become the world's crypto capital, and developers and entrepreneurs who went abroad are returning," he added. Trump pledged to enact legislation that would codify the crypto market structure, making it irreversible for regulatory opponents. "A new frontier of finance is being created in the United States," he said, emphasizing, "'TRUMP' will NEVER let Crypto down."