President Trump on Wednesday posted on Truth Social that he saved the American crypto industry from Gary Gensler’s “Anti-Crypto Army,” declaring America is now the “Crypto Capital of the World.”

Trump accuses former SEC Chair Gensler of nearly destroying the US crypto industry, as the new administration rolls back enforcement and pushes stablecoin legislation.

The Clarity Act passed the Senate Banking Committee earlier this month, but analysts have said the legislation faces a complex path forward.