Former U.S. President and Republican presidential candidate Donald Trump looks on during his campaign event, in Racine, Wisconsin, U.S. June 18, 2024.
In 2020, before Biden took office, the SEC accused Ripple and its founders of violating securities laws by acting as unregistered brokers of digital currency tokens, which the SEC regulates as securities.
In 2023, the SEC filed a similar complaint against Coinbase, the largest U.S. crypto exchange platform.
Trump has seized on this frustration in recent months, recasting himself from a crypto skeptic into a crypto supporter.
Some in the crypto industry who are siding with Trump are going farther than just complaining about Gensler.
Persons:
Donald Trump, David Sacks, Trump, Stuart Alderoty, Gary Gensler, Alderoty, Paul Grewal, Biden, Coinbase, Christopher Giancarlo, Heath Tarbert
Organizations:
U.S, Republican, CNBC, Securities and Exchange Commission, SEC, Trump, —, Futures, Commission
Locations:
Racine , Wisconsin, U.S, San Francisco, Washington