Trump calls crypto a ‘very dangerous thing’

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Former US President Donald Trump recently reiterated that he is not a fan of cryptocurrencies, although he did say positive things about former First Lady Melania Trump’s recently announced NFT platform.

“She’s going to do very well,” Trump said of the former first lady’s NFT project in an interview with Fox News host Maria Bartiromo on Dec.20 on her Mornings With Maria TV show.

However, Trump then decried cryptocurrencies as “a very dangerous thing,” reinforcing comments he made in June on the news network.

“Well, I never liked that, because I like having the dollar, I think the currency should be the dollar, so I was never a big fan. But it just keeps piling up. more, and nobody is doing anything about it, ”Trump told Bartiromo.

Trump continued, “Look, I want a currency called the dollar, I don’t want to have all these others – and it can be a blast one day like we’ve never seen. It will make the Big Tech Blast look like baby stuff. I think this is a very dangerous thing.

Based on the actions of Republicans in the House and Senate over the past year – including specific steps taken when tackling a bipartisan infrastructure bill – Trump would appear to disagree with his political party on the subject.

From pushing Senator Ted Cruz to Texas to welcome more bitcoin miners to crypto-holding senators like Cynthia Lummis, the GOP has largely taken the pro-crypto stance, as a recent House Financial Services hearing also demonstrated. Committee.

This fall, senior HSFC Republican Patrick McHenry sought to codify into law a safe harbor provision for token-focused startups, building on a proposal from SEC Commissioner Hester Peirce. , itself a supporter of a more open regulatory approach to cryptography.

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