At the recent Bitcoin 2024 conference, former President Donald Trump made headlines with his promises to "make Bitcoin great again" by ensuring the federal government HODLs bitcoin and fires Securities and Exchange Commission Chair Gary Gensler on day one. The crowd lapped it up. The reality, though, is that politicians often make sweeping promises to secure campaign contributions and votes—but, when it comes to firing Gensler on day one, that's a promise that Trump cannot keep.
Here's why. While many in the blockchain world would find it deeply satisfying to see the crypto-hating Gensler tossed from his job on Trump's first day in office, there are a series of obstacles that make that impossible.
