Republican United States presidential hopeful Donald Trump has quashed media speculation that he was considering hiring either JPMorgan CEO Jamie Dimon or BlackRock CEO Larry Fink as Treasury Secretary if elected for another term.
Jamie Dimon, Larry Fink Not On Trump’s Radar For Treasury Pick
Former president Donald Trump has put an end to speculations that he considered appointing Bitcoin-bullish BlackRock chief Larry Fink or JPMorgan’s Jamie Dimon to lead the Treasury Department if he wins the November election.
“I don’t know who said it, or where it came from, perhaps the Radical Left, but I never discussed, or thought of, Jamie Dimon or Larry Fink for Secretary of the Treasury,” Trump wrote on his social media platform Truth Social on July 23.
Speculation surrounding both influential Wall Street figures started after Bloomberg reported last week that Trump has said they were part of his plans for a potential cabinet. The report spread like wildfire among intrigued and excited Bitcoin fanatics.
“I have a lot of respect for Jamie Dimon,” the Republican candidate reportedly said, according to Bloomberg. “He is somebody I would consider.”
Furthermore, the New York Post — a news outlet that Trump supposedly prefers over other tabloids — reported on July 20 that he was mulling BlackRock’s Fink for the same role.
“Trump likes to tout JPMorgan super-banker CEO Jamie Dimon as a possible Treasury secretary, but it’s really Fink whom he likes, respects and speaks with, I am told,” the New York Post reported.
Fink’s asset management firm now owns the world’s largest spot Bitcoin exchange-traded fund (ETF). He considers himself a “major believer” in the top crypto.
Trump And Bitcoin: From Its A “Scam” To Crypto Candidate
As Trump continues to woo crypto votes ahead of the November election, his admiration of Dimon underscores a well-established foe of the crypto industry. While finance heavyweights like BlackRock’s Fink have changed their tune on Bitcoin as a “legitimate financial instrument,” Dimon’s Bitcoin slander has continued over the years. For instance, he said last year that he would shut crypto down if he was the government. In April, the CEO of the powerful Wall Street bank reiterated his stance that Bitcoin is “a fraud.”
Trump, meanwhile, has followed a similar route to Fink. After calling the preeminent crypto a scam years ago, the ex-POTUS has come out swinging for the asset in recent months, calling out the Biden administration’s “war on crypto”, accepting donations in crypto, and advocating for the Bitcoin mining industry in the US.
With Trump’s chances of victory looking better than ever after his recent assassination attempt and President Biden’s withdrawal from the race, crypto devotees are excited over the possibility of Trump retaking the White House and potentially sending crypto prices skyrocketing to astronomical heights in the process.
