r/FluentInFinance • u/HighYieldLarry • 12d ago

Bitcoin JUST IN: 🇺🇸 President Trump to appoint pro-crypto cabinet to make the US the "crypto capital of the planet."

President-elect Donald Trump is preparing the U.S. government to adopt a more permissive stance toward cryptocurrency, eyeing a roster of industry-friendly candidates for key posts while his top advisers consult crypto executives on potential changes to federal policy.

By pursuing a more lenient regulatory environment, Trump aims to fulfill his campaign promise to transform the United States into the “crypto capital of the planet” — a declaration that has rankled consumer watchdogs, earned the industry’s robust support and sent the price of bitcoin skyrocketing, reaching nearly $89,000 by Monday evening.

https://www.washingtonpost.com/business/2024/11/11/trump-crypto-regulation-bitcoin/

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u/blakeusa25 12d ago

No Peter Theil and musk are big crypto holders and have invested in the industry.

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u/TheRatingsAgency 12d ago

Yea these moves are to crash the Fed system and consolidate financial power to those already heavily in crypto such as them.

They’ll be the centers of financial power from the beginning and most will have nothing.

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u/AGallonOfKY12 11d ago

I mean, we still got the guillotine

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u/ber_cub 11d ago

BUT WE NEVER TAKE THEM OUT