US Pres. Donald Trump Wanted to ‘Go After Bitcoin’ Long Before His Twitter Rant on Crypto

2020-6-18 17:26

New information emerging shows that U.S. President, Donald Trump looked at regulating crypto earlier before his backlash thread of tweets in 2019.

In a story that appears in former national security advisor, John Bolton’s upcoming book, “The Room Where It Happened”, Trump once ordered Treasury Secretary, Steven Mnuchin, to “go after Bitcoin (BTC)” in retaliation to the trade wars with China.

Washington Examiner, who received an early copy of the book, reports that Trump wanted to clamp down on trading and to exchange the top cryptocurrency in a heated debate with Mnuchin on the China-US trade wars. According to Bolton, Trump said to Mnuchin,

“Don’t be a trade negotiator. Go after Bitcoin [for fraud]”

This occurred in May of 2018 during the heat of the China-US trade wars. However, the courts have halted the release as the Justice Department filed a lawsuit against Bolton, claiming the book contains classified information.

Trump’s government against crypto

Since then, Trump has come out publicly bashing Bitcoin and associated cryptocurrencies saying he “is not a fan” calling for more regulation on these assets. He tweeted,

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….

— Donald J. Trump (@realDonaldTrump) July 12, 2019

Mnuchin has since come out strongly against BTC and the crypto industry, calling for tougher regulations in the field too. Earlier this year the Treasury Secretary said the Financial Crimes Enforcement Network (FinCEN) will introduce new regulations to govern cryptocurrencies across the U.S.

A softer side to accepting digital assets

However, the government is not looking to do away with digital assets at all. Talks of a Federal Reserve digital dollar are gradually gaining steam in the corridors of the White House. Recently, Judy Shelton, an economic advisor to the president urged financial authorities to look into “important” discussions on the digital dollar.

Trump himself has made appointments of Bitcoin-friendly personnel to several committees including SEC commissioner, Hester Peirce, also known as crypto mom, for her second term.

origin »

Bitcoin (BTC) íà Currencies.ru

$ 104553.32 (+0.16%)
Îáúåì 24H $37.415b
Èçìåíåèÿ 24h: -0.63 %, 7d: -0.13 %
Cåãîäíÿ L: $103997.48 - H: $105242.12
Êàïèòàëèçàöèÿ $2071.983b Rank 1
Öåíà â ÷àñ íîâîñòè $ 9436.71 (1007.94%)

bitcoin trump ordered once book happened treasury

Èñòî÷íèê: bitcoinexchangeguide.com

bitcoin trump → Ðåçóëüòàòîâ: 126


Bitcoin Soars Past $106,000 For A New ATH — What’s Driving The Frenzy?

Optimism regarding a potential strategic reserve fund proposed by President-elect Donald Trump has propelled Bitcoin to surpass $106,000 for the first time. Related Reading: $36 Trillion Question: Can Bitcoin Really Save The US? Peter Schiff Thinks Not Since Trump won the election on November 5, 2024, the cryptocurrency had an amazing rise of over 50%, […]

2024-12-17 22:30


$13 Million Bitcoin? Sounds ‘Bearish’: Expert Hints At Even Greater Heights Ahead

The recent presidential election has sent ripples through the cryptocurrency market, with Bitcoin prices reacting positively to Donald Trump’s victory over Kamala Harris.   As Trump prepares to take office for a second term, his ongoing commitment to making the United States the “crypto capital of the world” has ignited bullish sentiment among investors, positioning Bitcoin at the center of his economic proposals.

2024-11-8 08:30


Ôîòî:

Unity COO: It’s “disingenuous” to say Trump’s win directly caused Bitcoin price rise

Bitcoin reached a high of $75,317 in the early hours of this morning In September, Bernstein analysts predicted Bitcoin to reach between $80,000 and $90,000 by the end of 2024 if Trump won Unity’s COO said to CoinJournal said it was “disingenuous” to say Trump winning the US election was the sole reason Bitcoin’s price […] The post Unity COO: It’s “disingenuous” to say Trump’s win directly caused Bitcoin price rise appeared first on CoinJournal.

2024-11-6 15:56


Ex-President Donald Trump wishes Bitcoin whitepaper a happy 16th anniversary

Trump wished a happy birthday to the anniversary of Bitcoin’s whitepaper and called on ending “Kamala’s war on crypto” Since Bitcoin’s initial days, its price has risen to over $72,000 and is accepted as legal tender in El Salvador Trump’s post comes less than a week before the US election results are in Former US […] The post Ex-President Donald Trump wishes Bitcoin whitepaper a happy 16th anniversary appeared first on CoinJournal.

2024-11-1 02:10


Ôîòî:

Trump marks 16th Bitcoin whitepaper anniversary, vows crypto support

Former US President and 2024 Republican presidential candidate Donald Trump has celebrated the 16th Bitcoin whitepaper anniversary, promising to end what he called the “war on crypto.” Marking the release of Bitcoin’s whitepaper by its pseudonymous creator Satoshi Nakamoto, Trump highlighted his support for Bitcoin and cryptocurrency innovation, framing it as a key component of […]

2024-11-1 22:36


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

South Korean Exchange Suspends Withdrawals to External Wallets, Govt. Reaches Out to Apple and Google to Block P2E Apps

One of the four regulated cryptocurrency exchanges in South Korea, Coinone, has announced that it will no longer allow withdrawals to non-verified external wallets starting Jan. 24, 2022. If Coinone users want to withdraw their crypto assets to another digital wallet, they would have to register their wallet address with the exchange, “in accordance with […] The post South Korean Exchange Suspends Withdrawals to External Wallets, Govt.

Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year

Wyoming Republican Senator Cynthia Lummis plans to introduce a comprehensive bill next year covering tax taxation of digital assets and their categorization to consumer protections. Lummis, who is also a Bitcoiner and one of the most vocal crypto advocates, will also be pitching Congress on creating a crypto regulatory body under the joint jurisdiction of […] The post Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year first appeared on BitcoinExchangeGuide.

Bank of England to Coordinate with International Regulators for Stricter Crypto Rules

The Bank of England to step up its talks with the international counterparts on a regulatory regime for cryptocurrency next year. In an interview with The Times, Sarah Breeden, executive director for financial strategy and risk at the central bank, said that as banks begin to offer crypto-assets trading and custody services to clients, global […] The post Bank of England to Coordinate with International Regulators for Stricter Crypto Rules first appeared on BitcoinExchangeGuide.

Paraguayan Senate Passes Bill to Regulate Crypto Trading and Mining

The Senate of Paraguay has passed a bill that will regulate the trading and mining of cryptocurrencies in the country. Paraguayan Senator Fernando Silva Facetti, one of the three authors of the bill, confirmed this on Twitter, saying Paraguay’s Chamber of Deputies will discuss the bill next year.