Former President Trump claims regulatory actions by ex-SEC Chair Gensler drove Bitcoin and crypto trading overseas before his policies intervened.
Former U.S. President Donald Trump stated that his administration prevented the collapse of the domestic crypto industry, blaming former SEC Chair Gary Gensler for pushing Bitcoin (BTC-USD) and trading activity offshore. Trump described Gensler’s policies as part of an ‘anti-crypto army’ that threatened innovation.
The remarks follow ongoing debates over U.S. crypto regulation, with critics arguing that aggressive SEC enforcement under Gensler stifled growth. Comparisons to offshore markets, where lighter oversight prevails, have intensified calls for clearer federal guidelines.
Market reaction to Trump’s comments remained muted, with BTC trading near USD 63,000, reflecting broader uncertainty over regulatory shifts.