WatcherGuru
President Donald Trump has publicly blamed former SEC Chair Gary Gensler for nearly destroying the American crypto industry, marking one of the sharpest White House rebukes of a regulatory figure in the digital assets space.
Trump pledged to "codify a future-proof digital asset market structure that cannot be undone by crypto haters" — language that signals the administration intends to push for durable, statutory protections rather than relying on executive orders or agency guidance that a future administration could reverse.
The statement carries real market weight: a legislated market structure framework would give institutional players the regulatory certainty they have cited as the primary barrier to deeper crypto exposure. It also signals that the White House views the Gensler era as a cautionary tale to be corrected by law, not just by personnel change.
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