âď¸ Trump hated crypto before he loved it. So what? Thatâs half the community
The Daily Telegraph thinks itâs funny. Donald Trump hated crypto, called Bitcoin a scam, and slammed it as competition for the dollar. Now heâs calling himself the âcrypto president.â
The paper paints his conversion as some kind of warning sign, a red flag waving over the world. But letâs get real â half of the crypto community used to not care for Bitcoin too. Trump isnât the first skeptic turned believer, and he wonât be the last. Thatâs literally the whole point of the industry.
Jeremy Warner, assistant editor at The Telegraph, recalled Trumpâs 2021 Fox News interview, where he said, âBitcoin, it just seems like a scamâ to claim Trumpâs love for crypto is âpositively Damascene,â before going on to label his pro-crypto plans as reckless.
đ¸ Trumpâs crypto team: A lineup designed to disrupt
Trumpâs administration is staffing up with some of the biggest names in the game. Paul Atkins, the crypto-friendly former SEC commissioner, is set to take charge of the agency. This guy was investing in Bitcoin back in 2011. Yeah, thatâs a true believer.
Then thereâs David Sacks, a tech veteran and proud blockchain lover. Heâs stepping into a newly created role as the White Houseâs âAI and crypto czar,â though as we reported, he had to delegate some of his responsibilities to the Crypto Council, led by Bo Hines.
Stephen Miran, the nominee for Chair of the Council of Economic Advisers, adds to this powerhouse roster. Heâs been a vocal critic of heavy-handed crypto regulation and promises to push for a lighter touch on policies affecting blockchain innovation.
But the biggest headline grabber might be Howard Lutnick, Trumpâs pick for Commerce Secretary. Lutnick has a 5% stake in Tether, one of the worldâs largest stablecoin issuers. Plus, heâs well-liked in the crypto community. The nerds go crazy for him on X (formerly Twitter).
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