āļø Trump hated crypto before he loved it. So what? Thatās half the community
The Daily Telegraph thinks itās funny. Donald Trump hated crypto, called Bitcoin a scam, and slammed it as competition for the dollar. Now heās calling himself the ācrypto president.ā
The paper paints his conversion as some kind of warning sign, a red flag waving over the world. But letās get real ā half of the crypto community used to not care for Bitcoin too. Trump isnāt the first skeptic turned believer, and he wonāt be the last. Thatās literally the whole point of the industry.
Jeremy Warner, assistant editor at The Telegraph, recalled Trumpās 2021 Fox News interview, where he said, āBitcoin, it just seems like a scamā to claim Trumpās love for crypto is āpositively Damascene,ā before going on to label his pro-crypto plans as reckless.
šø Trumpās crypto team: A lineup designed to disrupt
Trumpās 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, thatās a true believer.
Then thereās David Sacks, a tech veteran and proud blockchain lover. Heās stepping into a newly created role as the White Houseās āAI and crypto czar,ā 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. Heās 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, Trumpās pick for Commerce Secretary. Lutnick has a 5% stake in Tether, one of the worldās largest stablecoin issuers. Plus, heās well-liked in the crypto community. The nerds go crazy for him on X (formerly Twitter).
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