President Trump Says Former SEC Chair Gary Gensler Nearly Destroyed U.S. Crypto Industry

In a May 28 social media post, President Trump said he rescued the U.S. crypto and Bitcoin industry from an “anti-crypto army” and reiterated a future-focused digital asset market structure framework.

BTC

19h ago

Fact Check

The claim accurately summarizes a Trump Truth Social post timestamped May 27, 2026, 6:42 PM ET. The Watcher.Guru, Cointelegraph, Coin Bureau, First Squawk, and Trump-repost X posts all independently quote essentially the same language: Gensler 'nearly destroyed the American crypto industry' and Trump's pledge to 'codify a future-proof digital asset market structure that cannot be undone by crypto haters.' This matches both the headline and content of the claim, including the key element that the market structure would be 'codified so it cannot be reversed by opponents of the sector.'

Summary

President Trump said former SEC Chair Gary Gensler and an “anti-crypto army” nearly destroyed the U.S. crypto industry, and he separately described himself as having rescued the U.S. Bitcoin industry from that opposition. In a May 28 social media post, he also said the United States is now the world’s “crypto capital” and reiterated a pledge to establish a future-focused digital asset market structure framework. The remarks add political emphasis to his criticism of prior crypto regulation, but the available sources do not include legislative text, implementation timing, or specific agency actions.

Terms & Concepts

digital asset market structure: The legal and regulatory framework that defines how crypto assets are classified, traded, and supervised.
SEC (U.S. Securities and Exchange Commission): The main U.S. market regulator overseeing securities markets and some crypto-related enforcement actions.
Bitcoin industry: The business ecosystem built around Bitcoin, including mining, trading, custody, payments, and related services.