⭐️ Trump hated crypto before he loved it. So what? That’s half the community
The Daily Telegraph thinks it’s funny. Donald Trump hated crypto, called Bitcoin a scam, and slammed it as competition for the dollar. Now he’s calling himself the “crypto president.”
The paper paints his conversion as some kind of warning sign, a red flag waving over the world. But let’s get real — half of the crypto community used to not care for Bitcoin too. Trump isn’t the first skeptic turned believer, and he won’t be the last. That’s literally the whole point of the industry.
Jeremy Warner, assistant editor at The Telegraph, recalled Trump’s 2021 Fox News interview, where he said, “Bitcoin, it just seems like a scam” to claim Trump’s love for crypto is “positively Damascene,” before going on to label his pro-crypto plans as reckless.
🔸 Trump’s crypto team: A lineup designed to disrupt
Trump’s 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, that’s a true believer.
Then there’s David Sacks, a tech veteran and proud blockchain lover. He’s stepping into a newly created role as the White House’s “AI and crypto czar,” 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. He’s 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, Trump’s pick for Commerce Secretary. Lutnick has a 5% stake in Tether, one of the world’s largest stablecoin issuers. Plus, he’s well-liked in the crypto community. The nerds go crazy for him on X (formerly Twitter).
