Key Takeaways
- Trump Considers Jamie Dimon: Trump revealed he’s contemplating JPMorgan CEO Jamie Dimon for Treasury Secretary if he wins the election.
- Rocky Relationship: Regardless of a rocky previous and public disagreements, Trump expressed respect for Dimon’s capabilities.
- Anti-Crypto Stance: Dimon is understood for his robust anti-cryptocurrency views, which may impression the way forward for digital currencies if he joins the administration.
YEREVAN (CoinChapter.com) — Former President Donald Trump, the present Republican ticket nominee, lately revealed throughout a Bloomberg interview his consideration of JPMorgan CEO Jamie Dimon for the function of Secretary of the Treasury if he wins the election. Regardless of their previous variations, Trump talked about his respect for Dimon, marking the primary time Dimon has been publicly linked to a possible Trump administration function.
Trump additionally intends to maintain Federal Reserve Chair Jerome Powell in place. This continuity in management on the Federal Reserve may have vital implications for the US economic system and financial coverage.
Trump and Dimon’s Rocky Relationship Highlighted Amid Treasury Consideration
The connection between Trump and Dimon has been rocky and in November 2023, Trump referred to as Dimon a “highly overrated globalist” on Reality Social. Regardless of this, Trump acknowledged Dimon’s capabilities within the current interview, saying,
“I have a lot of respect for Jamie Dimon.”
Dimon, then again, has not been a supporter of Trump. He beforehand urged folks to again Nikki Haley, a Trump opponent, for the Republican nomination.
Dimon Criticizes Crypto Regardless of JPMorgan’s Blockchain Token
Jamie Dimon is understood for his robust views in opposition to cryptocurrency. In a Congressional listening to on December 6, 2023, he said,
“The only true use case for cryptocurrency is criminals, drug traffickers, money laundering, tax avoidance.”
Dimon added,
“If I were the government, I’d close it down.”
Regardless of these statements, JPMorgan has its personal blockchain token, JPM Coin.
Trump’s Evolving Stance on Bitcoin
Trump has additionally been important of Bitcoin and different cryptocurrencies prior to now. In 2019, whereas serving as president, he posted on X,
“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”
He emphasised the dominance of the US Greenback, calling it the “most dependable and reliable” forex.
Trump’s stance on Bitcoin seems to have softened lately. He’s scheduled to talk on the Bitcoin Convention in Nashville from July 25 by way of 27.