How Donald Trump will drain the DC swamp to boost US business

Rome, as they say, wasn’t built in a day.So neither will be the dismantling of the vast progressive regulatory state that grew to immense proportions under the Biden-Harris administration.But that doesn’t mean even before Trump’s resounding victory, and now after the winning of the US Senate and possibly the House, some smart people in his kitchen cabinet haven’t been discussing how to de-woke vast parts of the administrative state and return agencies like the Securities and Exchange Commission and the Commodity Futures Trading Commission back to their original, Congressionally-mandated intent as consumer protection arms of the government.They have, On The Money has learned, and they can’t wait to get started.The first order of business, I am hearing, is to start the firing at the top.

High on the list is the uber-woke Gary Gensler at the SEC, and removing any trace of him from the office after he has made rumblings that he wants to finish his term, which ends in June 2026.Trump, I am told, will literally lock him out of the building, revoke his computer access, if he has to.Sign up to receive On The Money by Charlie Gasparino in your inbox every Thursday.

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Never miss a story.Barring that, he will through surrogates launch a public campaign to humiliate Gensler as maybe the most woke, and meddlesome bureaucrat in DC, pointing out how he exceeded his mandate by pushing for progressive policies like costly and useless climate disclosures from public companies, and led a crackdown on all things crypto, a business that Trump now embraces....