President-elect Donald Trump is planning to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration, according to people familiar with the plans.
If Trump makes his own memecoin part of the national currency reserves it will genuinely be the grift that never stops giving.
Honestly, I think this is more likely than him forcing the Treasury to allocate $billions to current BTC holders. Trump doesn’t hold any BTC (or only trivial amounts) as far as we know, so there’s absolutely no personal upside for him in this scenario. Letting other people walk away with $billions whilst Trump gets nothing doesn’t seem very Trump, does it?
I suppose they could up with a scheme where a portion of the $$ from BTC sales to the Treasury get used to buy TrumpCoin or whatever. But that requires him to trust BitCoin bros. Is that plausible?
I suppose they could up with a scheme where a portion of the $$ from BTC sales to the Treasury get used to buy TrumpCoin or whatever. But that requires him to trust BitCoin bros. Is that plausible?
Depends if he sees BTC bros as easy marks - and by my guess, he probably does.
If Trump makes his own memecoin part of the national currency reserves it will genuinely be the grift that never stops giving.
Honestly, I think this is more likely than him forcing the Treasury to allocate $billions to current BTC holders. Trump doesn’t hold any BTC (or only trivial amounts) as far as we know, so there’s absolutely no personal upside for him in this scenario. Letting other people walk away with $billions whilst Trump gets nothing doesn’t seem very Trump, does it?
I suppose they could up with a scheme where a portion of the $$ from BTC sales to the Treasury get used to buy TrumpCoin or whatever. But that requires him to trust BitCoin bros. Is that plausible?
Depends if he sees BTC bros as easy marks - and by my guess, he probably does.
Breaks my heart to agree with Trump on anything.