{"id":90166,"date":"2024-08-17T16:16:07","date_gmt":"2024-08-17T20:16:07","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=90166"},"modified":"2024-08-17T16:17:09","modified_gmt":"2024-08-17T20:17:09","slug":"donald-trump-announces-pro-crypto-transition-team","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/donald-trump-announces-pro-crypto-transition-team\/","title":{"rendered":"Donald Trump Announces Pro-Crypto Transition Team"},"content":{"rendered":"\n

After assessing their advisors, more crypto parallels emerged between a potential Donald Trump<\/a> and Kamala Harris administration.<\/p>\n\n\n\n

\"Donald
Donald Trump Announces Pro-Crypto Transition Team<\/figcaption><\/figure>\n\n\n\n

In anticipation of a potential second term in office, Republican presidential nominee Donald Trump appointed several pro-crypto people to his transition team. <\/p>\n\n\n\n

Although appointing important staff members prior to an election is standard procedure, Trump's pro-crypto team might have increased his community appeal. <\/p>\n\n\n\n

Trump declared that Linda McMahon, chair of the America First Policy Institute, and Howard Lutnick, CEO of Cantor Fitzgerald, would serve as co-chairs of the team. <\/p>\n\n\n\n

Speaking at the Bitcoin 2024 conference in Nashville, Lutnick, a vocal proponent of Bitcoin, mentioned that Trump had promised to establish a strategic Bitcoin reserve. <\/p>\n\n\n\n

Additionally, Cantor Fitzgerald, who has been Tether's custodian<\/a> since 2021, verified the company's multibillion-dollar balance sheet. <\/p>\n\n\n\n

In April, Lutnick also pushed for asset tokenization and stablecoins, just before Cantor Fitzgerald announced a $2 billion Bitcoin fundraising campaign. J.D. Vance, the Republican nominee for vice president, will act as an honorary chair. <\/p>\n\n\n\n

Vance was the first presidential candidate to possess Bitcoin and also introduced pro-crypto legislation in the Senate. <\/p>\n\n\n\n

Eric Trump and Donald Trump Jr. are also involved in the conflict. Trump's two sons are engaged in a cryptocurrency enterprise. <\/p>\n\n\n\n

DTJ has already created an official Telegram channel called “The Defiant Ones” to provide reliable information on the subject.<\/p>\n\n\n\n

This was a measure to stop con artists from taking advantage of the excitement around Trump's cryptocurrency initiative<\/a> to con investors.\u00a0<\/p>\n\n\n\n

Harris' Advisors<\/h2>\n\n\n\n

Conversely, Kamala Harris, the Democratic nominee and current vice president, brought anti-crypto experts from President Joe Biden's team on board. <\/p>\n\n\n\n

Bloomberg claims that Harris is reaching out to people like Bharat Ramamurti, Brian Deese, and Wally Adeyemo, the deputy secretary of the Treasury. <\/p>\n\n\n\n

Operation Choke Point 2.0, a scheme to debunk cryptocurrency companies and protect digital assets from conventional financial institutions, is thought to have been designed by Deese. <\/p>\n\n\n\n

Adeyemo has been instrumental in the Treasury's campaign against cryptocurrency mixers\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> and in pushing for strict laws governing blockchain operations in the United States. <\/p>\n\n\n\n

Digital asset advocates undoubtedly had the biggest anxiety about Harris' radio silence on crypto policies, while the industry conjectured about potential appointees and advisors.<\/p>\n\n\n\n

\n

NEW EVIDENCE THAT @KamalaHarris<\/use><\/svg><\/span><\/a> WILL CONTINUE CRYPTO CRACKDOWN

her advisor choices suggest she will keep biden\u2019s hostile attitude to crypto

harris is working w\/ brian deese & bharat ramamurti, 2 key anti-crypto officials from biden admin..

thread \ud83e\uddf5 pic.twitter.com\/1cMX4UtXXY<\/use><\/svg><\/span><\/a><\/p>— Alex Thorn (@intangiblecoins) August 13, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

<\/p>\n","protected":false},"excerpt":{"rendered":"

After assessing their advisors, more crypto parallels emerged between a potential Donald Trump and Kamala Harris administration. In anticipation of a potential second term in office, Republican presidential nominee Donald Trump appointed several pro-crypto people to his transition team. Although appointing important staff members prior to an election is standard procedure, Trump’s pro-crypto team might […]<\/p>\n","protected":false},"author":43,"featured_media":90167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[12496,21344,1305],"class_list":["post-90166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-donald-trump-2","tag-pro-crypto","tag-united-states"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/08\/croc_1723917932768.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/90166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=90166"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/90166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/90167"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=90166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=90166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=90166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}