Donald Trump wanted to hit Bitcoin?

1 min reading

The latest reports show that the President of the United States - Donald Trump has not liked Bitcoin for a long time. Interesting facts come to light ...

donald trump face

Trump's dislike of Bitcoin

Probably most people remember how in July 2019 Donald Trump publicly criticized Bitcoin. He stated then that the value of this cryptocurrency comes from the air.

As it turns out, the head of the United States has not been fond of this virtual money for a long time. Therefore, it was not the first manifestation of such aversion towards this digital currency. With the release of a fragment of the new book by John Bolton, quite interesting facts came to light.

It turns out that in 2018 Donald Trump ordered Steven Mnuchin, acting as the secretary of the US Treasury, "to take care of Bitcoin." Former national security adviser heard this conversation. He described the incident in a publication entitled "The Room Where Happened".

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A critical look at cryptocurrencies

Although the President of the United States was interested in the subject of Bitcoin two years ago, Washington relatively recently began to take some steps to introduce "better" regulations in this industry.

bitcoin coin on desk

Earlier this year, the US Treasury Secretary spoke on behalf of the Financial Crime Enforcement Network (FinCEN). He announced then that soon this body would introduce new requirements addressed to cryptocurrency service providers.

Although the US government is in favor of technological progress, it does not want to allow virtual currencies to become a threat to fiat money and banking institutions. With the help of cryptocurrencies, every user can transfer funds without any barriers, excluding intermediation of third parties at minimal costs.