In an interview with Fox Enterprise printed on Tuesday, former US President Donald Trump was asked about his views on the welfare of Wall Avenue markets, the progress of the current administration, and the potential of Bitcoin (BTC) and the cryptocurrency market.
In response to the latter question, the former president replied, “I just like US forex, but I think the others could be a disaster.” He continued:
“She [cryptocurrencies] could pretend. Who knows what they are. They are definitely one thing that individuals don’t know much about. “
He also spoke of fairly defending the sovereignty of the US dollar as a high priority rather than pushing the stagnant monetary system forward and realizing the overwhelming benefits that crypto and blockchain applied sciences offer.
Regardless of this unconstructive feedback, the crypto costs appeared untouched at the time of publication. Bitcoin is down 1.17% that day, Ether (ETH) is up 6.30% and the third-placed asset, Cardano’s ADA token, is down 1.1%.
In contrast, current US President Joe Biden has apparently taken a particularly positive stance on the cryptocurrency space, but remains extremely cautious.
Earlier in those 12 months, President Biden named Gary Gensler, former chairman of the Commodity Futures Buying and Selling Fee, as the brand new head of the Securities and Alternate Fee.
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Gensler has so far employed a rigorous method of regulation aimed at achieving continuity between selling innovations and defending the aspirations of market participants.
Earlier this month, Gensler expressed his perception that the market “wants more government agencies to keep transactions, goods and platforms out of regulatory loopholes” and “additional assets to protect traders in this emerging and unstable sector”.