Donald Trump

Bitcoin

In an interview with the American television program 60 Minutes, Ripple CEO Brad Garlinghouse acknowledged that the crypto community has embraced the United States President-elect Donald Trump.
He made this statement when asked about Trump’s previous hostility to the crypto market. Recall that in 2021, the now-crypto-friendly politician <a href="https://cryptopotato.com/former-us-president-donald-trump-bitcoin-looks-like-a-scam/" data-wpel-link="internal" rel="noopener noreferrer nofollow">labeled</a> Bitcoin a scam.
<h2 id="was-trump-always-pro-crypto">Was Trump Always Pro-Crypto?</h2>
CBS journalist Margaret Brennan <a href="https://www.cbsnews.com/news/crypto-spent-big-money-to-reshape-the-political-landscape-60-minutes-transcript/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">anchored the interview</a> with Garlinghouse. She asked the Ripple CEO:
<blockquote>
 “Before this cycle, in June of 2021, Donald Trump was saying, ‘Bitcoin seems like a scam.’ Do you understand what happened with that transformation?”
</blockquote>
Her question highlighted Trump’s previously hostile outlook on crypto assets like Bitcoin. In June 2021, Trump stressed his dislike for BTC because it competed against the U.S. dollar. He added that he wanted the country’s sovereign currency to become the world’s currency. Notably, some individuals <a href="https://cryptopotato.com/dave-portnoy-disasgrees-with-donald-trump-that-bitcoin-is-a-scam/" data-wpel-link="internal" rel="noopener noreferrer nofollow">voiced</a> their disagreement with Trump’s pessimistic view at the time.
Without shedding light on Trump’s past with Bitcoin, Garlinghouse focused on the present.
<blockquote>
 “I didn’t have a front-row seat to that. I think it’s clear that Donald Trump embraced and crypto embraced Donald Trump,” he replied.
</blockquote>
<h2 id="how-crypto-has-faired-with-trump-s-support">How Crypto Has Faired With Trump’s Support</h2>
During his campaign for U.S. presidency, Trump repeatedly echoed his support for the crypto industry. He also <a href="https://cryptopotato.com/10-promises-donald-trump-has-made-regarding-bitcoin-and-crypto/" data-wpel-link="internal" rel="noopener noreferrer nofollow">promised</a> to fulfill various things to boost crypto adoption in the country if he won the November election.
Since winning the election, he has begun fulfilling his promises. For example, he recently appointed several pro-crypto individuals to political seats. Among them is Paul Atkins, a crypto-friendly politician that Trump <a href="https://cryptopotato.com/bitcoin-makes-history-trump-selects-new-sec-chair-mt-gox-moves-billions-this-weeks-crypto-recap/" data-wpel-link="internal" rel="noopener noreferrer nofollow">appointed</a> to replace Gary Gensler as the U.S. Securities and Exchange Commission chairman.
Interestingly, news of Trump’s selection was key in driving BTC above the $100,000 price mark to an all-time high above $103,600. At the time of writing, the apex crypto asset <a href="https://coinmarketcap.com/currencies/bitcoin/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">sold</a> for $99,500.
The post <a href="https://cryptopotato.com/donald-trump-embraced-crypto-and-crypto-embraced-him-says-ripple-ceo/" rel="noopener noreferrer nofollow">Donald Trump Embraced Crypto, and Crypto Embraced Him, Says Ripple CEO</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Donald Trump Embraced Crypto, and Crypto Embraced Him, Says Ripple CEO

Table of Contents

CryptoPotato_News

Other articles published on Dec 9, 2024

XRP Price Predicted to Fly Past $3 as Ripple Gains in Wake of SEC Case, New Viral Hybrid Meme Coi...

Navigating the Web3 Trilemma: U-Coin’s Role in Enhancing Scalability, Security, and Decentralization

Bagel Sunglass Cat: The Meme Cat-tastrophe You’ve Been Waiting For

Will XRP Sustain Its Bullish Momentum?

Topone Exchange: 1000x Leverage and Free Trading, All at Your Fingertips!

Meme Coin Market Reaches New ATH as Crypto All-Stars Raises $10.5M – But ICO Ends In 11 Days

Join our free newsletter for daily crypto updates!