Donald Trump has ignited speculation with his suggestion of appointing JPMorgan’s Jamie Dimon as Treasury Secretary upon his re-election, stirring the pot that a pro-Bitcoin, pro-crypto person won’t be in.
The remarks, made during a Bloomberg interview, outline a prospective shake-up that would keep Jerome Powell steady at the Federal Reserve helm.
We guess the Project 2025 goal of abolishing the Federal Reserve is a fairy tale after all.
Is Jamie Dimon Pro Bitcoin Now?
Dimon once torched cryptocurrencies as criminal cash conduits in a 2023 congressional hearing, stoking fears in blockchain circles.
But JPMorgan’s blockchain pursuits, such as JPM Coin, complicate his narrative, promising a labyrinthine policy landscape if he teams up with Trump as Treasury Secretary after re-election.
Donald Trump's considering JPMorgan CEO Jamie Dimon as Treasury Secretary and says he's "changed his tune" on #Bitcoin and crypto. pic.twitter.com/9TmcISuted
— Watcher.Guru (@WatcherGuru) July 17, 2024
Earlier this year, Jamie Dimon said that JP Morgan’s stock is overvalued and that the soft landing is all fantasy talk.
This was supported by Warren Buffett holding more cash than ever before in his life, Bill Gates selling, and Jeff Bezos selling an insane amount of stock earlier this month.
Trump-Vance’s Evolving Stance on Bitcoin and Crypto
Trump’s historic disdain for Bitcoin all but vanished in 2024, marked by his upcoming speech at the Bitcoin Conference in Nashville.
Partnered with JD Vance, a fierce Bitcoin advocate and VP pick, Trump’s sudden pro-crypto stance has invigorated the market.
NEW 🇺🇸 President Donald Trump says the US must embrace #Bitcoin and crypto to compete on world stage.
“China is into it. It’s not going away.” 🔥 pic.twitter.com/nnlmpavJC5
— Bitcoin Magazine (@BitcoinMagazine) July 18, 2024
Vance’s crusade for crypto protections, bolstered by his own Bitcoin bag, casts him as a linchpin of blockchain advocacy and regulatory transparency
His battle against overreaching regulations signals a pledge to foster digital currency evolution.
The Future of Trump’s “Crypto President” Campaign
As Trump gears up to address the Bitcoin Conference in Nashville, his partnership with Vance and their shared pro-crypto platform is about to forever change this industry.
Rumor has it Vance might also show up in Nashville. But you didn’t hear that from us. Check out our podcast with the BTC Nashville Chief of Staff Brandon Green, out tomorrow
If Trump wins, it should be a huge win for crypto with all the pro Bitcoin candidates on his ticket.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
