President Trump has established himself as a guy who has something to say about everything. Given the rise in popularity of cryptocurrencies during his presidency, we would assume that they’d naturally catch his attention. Shockingly, this hasn’t happened yet. Trump has failed to make any statements concerning cryptocurrency, but others in his administration have spoke on his behalf.
Rumors were floating around in October of 2017 that the Trump administration would try to ban cryptocurrencies. This proved to be solely a rumor and thankfully it never materialized.
Sarah Sanders, the White House’s press secretary shocked the world when she announced that Bitcoin was being heavily monitored. The statement went as follows, “The bitcoin situation is something that is being monitored by our team. I know it’s something that Trump’s keeping an eye on. And we’ll keep you posted when we have anything further on it.” She went on to say that Homeland Security is involved.
More recently Gary Cohn, Trump’s top economic advisor and the National Economic Council advisor sat down with CNBC. When they asked for his opinion on Bitcoin and other cryptocurrencies, Cohn simply shrugged and said, “I’m going to leave that to you.”
That said, one is only left to wonder about Trump’s personal stance on cryptocurrencies. Given the impact that cryptocurrency has had on the United States, Trump has got to have a very strong opinion of cryptocurrencies, he just isn’t making it public.
Given the position that cryptocurrency currently holds on the world, at some point Donald Trump will need to comment on virtual currencies. We expect this will happen later on in the year. Till then, we can only wonder and suspect that Trump and his administration has got a plan on what to do with cryptocurrency when it starts taking off.