{"id":51251,"date":"2024-07-18T01:12:00","date_gmt":"2024-07-18T01:12:00","guid":{"rendered":"https:\/\/cointelegraph.com\/news\/trump-weighing-bitcoin-hater-jamie-dimon-treasury"},"modified":"2024-07-18T03:25:59","modified_gmt":"2024-07-18T03:25:59","slug":"trump-weighing-bitcoin-hater-jamie-dimon-for-us-treasury","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=51251","title":{"rendered":"Trump weighing Bitcoin hater Jamie Dimon for US Treasury"},"content":{"rendered":"

<\/p>\n

Former United States president and current Republican ticket nominee Donald Trump said recently that, if elected, he was considering JP Morgan CEO Jamie Dimon for his cabinet as Secretary of the Treasury. He also intends to leave Federal Reserve chair Jerome Powell in place.<\/p>\n

Trump\u2019s comments stem from an interview with Bloomberg reportedly conducted in late June and published on July 16. It\u2019s unclear if the former president\u2019s thinking remains the same in the wake of the July 13 assassinaton attempt<\/p>\n

Dimon?<\/h2>\n

This appears to be the first time Dimon has been publicly linked to a potential Trump administration. The two have had a somewhat cantankerous relationship in the past with Trump recently calling Dimon a \u201chighly overrated globalist in a Nov. 2023, post on Truth Social. For his part, Dimon previously urged people to support Trump opponent Nikki Haley for the Republican nomination.<\/p>\n

During the recent Bloomberg interview, Trump said he had \u201ca lot of respect for Jamie Dimon,\u201d and would consider him for the position of Secretary of the Treasury.<\/p>\n

While this doesn\u2019t necessarily indicate any serious consideration, the fact that Dimon isn\u2019t being ruled out could be cause for concern for the cryptocurrency and blockchain communities.<\/p>\n

Crypto<\/h2>\n

In a hearing on Dec. 6, 2023, Dimon told Congress that the only true use-case for cryptocurrency is \u201ccriminals, drug traffickers, money laundering, tax avoidance.\u201d He added \u201cIf I were the government, I\u2019d close it down.\u201d This, despite the fact JP Morgan has its own blockchain token, JPM Coin.<\/p>\n

It bears mentioning that Trump has also been negative on Bitcoin and crypto in general in the past as well. Back in 2019, while president, Trump posted a thread on X (then Twitter) expressing his disdain for digital currency:<\/p>\n

\u201cI am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.\u201d<\/p><\/blockquote>\n

Source: <\/em>Donald Trump<\/em>.<\/em><\/figcaption><\/figure>\n

He went on to say that \u201cwe have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!\u201d<\/p>\n

Trump\u2019s stance on Bitcoin appears to have softened in the time since. He\u2019s slated to speak at the Bitcoin Conference in Nashville on July 27.<\/p>\n

Check other news for today<\/span> and Please stand by..<\/p>\n

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\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Former United States president and current Republican ticket nominee Donald Trump said recently that, if elected, he was considering JP Morgan CEO Jamie Dimon for his cabinet as Secretary of the Treasury. 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