Gensler Steps Down from SEC, Trump’s Crypto Council Expected to Establish Bitcoin Reserve
The resignation of Gary Gensler from his position as Chairman of the SEC and the announcement that Trump’s “crypto council” intends to create a bitcoin reserve have generated excitement in the crypto world. The plan involves the United States purchasing 200,000 BTC per year for five years, ultimately accumulating a total of 1 million BTC.
With only 21 million BTC in existence, this has led to increased demand and speculation about what impact this will have on prices.
