Professor Mende - Bonuz Ecosystem Founder
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🚨 Trump’s Crypto Stance During His First Term: A Rocky Relationship
When Donald Trump became president in 2017, the word “cryptocurrency” might as well have been from another planet—he barely acknowledged it during his 2016 campaign. But that changed in 2019 when he fired off a now-infamous tweet declaring he was “not a fan of Bitcoin,” claiming it was “based on thin air.” While harsh, the statement actually put crypto on the White House radar like never before.
Behind the scenes, Trump reportedly told his Treasury secretary to “go after Bitcoin” in 2018, suggesting a tighter crackdown was brewing. Under his watch, the SEC—led by Jay Clayton—launched dozens of enforcement actions against crypto firms and projects (think Ripple, Block.one, and even Steven Seagal). Despite all the tough talk, Trump made no moves to pardon Ross Ulbricht, the Silk Road founder who’s serving a life sentence. Rumor had it Trump felt sympathetic, but he never pulled the trigger on a pardon. That didn’t happen until it re-emerged as one of his 2024 campaign talking points.
By the time Trump left office in January 2021, Bitcoin’s price had skyrocketed from about $900 to over $36,000, even though he was never exactly crypto’s biggest cheerleader. Then, oddly enough, after his presidency ended, he launched his own line of NFT trading cards. For a guy who once called Bitcoin a scam, it’s safe to say his relationship with crypto was… complicated.
It now seems that he made a 180 degree turn and the question is..... why? Is it because of war alerts, inflation and many countries shifting away from the USD for trade?
What's your best guess? Drop your opinion below and follow @Professor Mende - Bonuz Ecosystem Founder fore more content! #DonaldTrump #Trump2024 #Trump #TrumpCoin #Memecoins
When Donald Trump became president in 2017, the word “cryptocurrency” might as well have been from another planet—he barely acknowledged it during his 2016 campaign. But that changed in 2019 when he fired off a now-infamous tweet declaring he was “not a fan of Bitcoin,” claiming it was “based on thin air.” While harsh, the statement actually put crypto on the White House radar like never before.
Behind the scenes, Trump reportedly told his Treasury secretary to “go after Bitcoin” in 2018, suggesting a tighter crackdown was brewing. Under his watch, the SEC—led by Jay Clayton—launched dozens of enforcement actions against crypto firms and projects (think Ripple, Block.one, and even Steven Seagal). Despite all the tough talk, Trump made no moves to pardon Ross Ulbricht, the Silk Road founder who’s serving a life sentence. Rumor had it Trump felt sympathetic, but he never pulled the trigger on a pardon. That didn’t happen until it re-emerged as one of his 2024 campaign talking points.
By the time Trump left office in January 2021, Bitcoin’s price had skyrocketed from about $900 to over $36,000, even though he was never exactly crypto’s biggest cheerleader. Then, oddly enough, after his presidency ended, he launched his own line of NFT trading cards. For a guy who once called Bitcoin a scam, it’s safe to say his relationship with crypto was… complicated.
It now seems that he made a 180 degree turn and the question is..... why? Is it because of war alerts, inflation and many countries shifting away from the USD for trade?
What's your best guess? Drop your opinion below and follow @Professor Mende - Bonuz Ecosystem Founder fore more content! #DonaldTrump #Trump2024 #Trump #TrumpCoin #Memecoins
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