Former US President Donald Trump almost banned Bitcoin in 2020, according to Mike Brock, CEO of TBD, a division of fintech company Block Inc. by Jack Dorsey.
In a post on social media platform X (formerly Twitter) on July 18, Brock said:
“Trump tried to ban Bitcoin in 2020, until Steve Mnuchin and a group of administration insiders extended his will to protect US competition and innovation.”
Mnuchin served as the 77th US Treasury Secretary under Trump. At the time, Trump was a major critic of digital assets and had publicly stated that he was not “a fan of Bitcoin and other cryptocurrencies, because they are not money and Their value is very volatile and based on the atmosphere.”
Former Treasury Secretary Steven Mnuchin
Brock's statement comes amid Trump's recent U-turn on the emerging crypto industry, where he is receiving strong support. He has also attracted support in Silicon Valley for his progressive stance on technology.
While some stakeholders like Messari CEO Ryan Selkis and Ark Invest CEO Cathie Wood have supported Trump, skeptics like Brock remain.
According to Brock, Trump is not interested in Bitcoin but only sees support for the industry “as an easy way to raise money and attract voters.” He added:
“He will walk into the White House and immediately begin the process of doing to them what he has done to every other voter he has courted: abandon them.”
When asked if Trump's views on cryptocurrency may have changed, Brock disagreed and said:
“Trump doesn't believe in anything but himself.”
Brock's views are in line with Arthur Hayes, co-founder of the BitMEX exchange, who recently warned that Trump's recent pro-crypto stance was fake.
Hayes said:
“I am disappointed that many crypto critics who should know better are now blindly holding flashy fundraisers for the Trump campaign. Trump is a politician, he will say anything to anyone to get re-elected. Once in the White House, anything related to cryptocurrency will become a distant memory.”
Notably, the upcoming November elections have created widespread political awareness in the industry, with Ethereum co-founder Vitalik Buterin recently warning voters against supporting pro-crypto candidates may be making empty promises.
https://tapchibitcoin.io/mnuchin-da-ngan-chan-no-luc-cua-trump-nham-cam-bitcoin-vao-nam-2020.html
