Former US President calls Crypto a "disaster waiting to happen"


In an interview published today with Fox Business, former US President Donald Trump was asked about his views on the health of Wall Street markets, the progress of the current administration, and the potential of Bitcoin and the cryptocurrency market.

In response to the latter question, the former president replied, "I like the United States currency, but I think the others may be a disaster waiting to happen."

“They can be fake. Who knows what they are she are certainly something that people don't know much about. "

He also talked about protecting the sovereignty of the US dollar as a first priority rather than propelling the stagnant financial system and realizing the overwhelming benefits that crypto and blockchain technologies offer.

Despite these less than positive comments, crypto prices seemed untouched at the time of publication. Bitcoin (BTC) was down 1.17% for the day, Ethereum (ETH) is up 6.30%, while third-placed asset Cardano (ADA) is down 1.1%.

In contrast, current US President Joe Biden has taken a seemingly more favorable stance on the cryptocurrency space, but remains carefully cautious.

Earlier this year, President Biden appointed former Commodity Futures Trading Commission (CFTC) chairman Gary Gensler as the new head of the Securities and Exchange Commission (SEC).

Related: The SEC allegedly hires a blockchain analytics firm to oversee the DeFi industry

So far, Gensler has followed a strict regulatory approach that aims to strike a balance between promoting innovation and protecting the interests of market participants.

Earlier this month, Gensler expressed his belief that the market “needs additional authorities to prevent transactions, products and platforms from getting caught in regulatory loopholes” and “more resources to protect investors in this growing and volatile sector”.

https://dailyaffiliatemarketingnews.com/former-us-president-calls-crypto-a-disaster-waiting-to-happen/

Comments

Post a Comment

Popular posts from this blog

Chia Coin Crypto Mining: Try Chia with 16 TB Sabrent SSDs

Image
introduction I avoided writing about cryptocurrency mining articles, but I had to check out Chia cryptocurrency mining when it hit my radar a few months ago. After really immersing myself in Ethereum mining a few years ago and still paying the electricity bill many years later, mining with my SSD sounded like fun. VIEW GALLERY - 17 PICTURES Sabrent got in touch and pretty much packed 4 x 4 TB Rocket NVMe PCIe 3.0 M.2 SSDs and an ASUS Hyper M.2 X16 Card V2 that supports the 4 x NVMe M.2 SSDs. In total, I have 16TB of super-fast PCIe 3.0-based NVMe SSD storage to play around with - it feels so utterly overwhelming to have 16TB of flash storage in my computer, but I love it. It continues with its use for the best cause - for mining chia crypto coins. At first I was so very hesitant, I wanted to do an article for Sabrent, but then using the SSDs for chia coin mining feels like hardware abuse. It's different than having your GPU working 24/7 for crypto mining because you can do i...
Read more

8 Free Social Media Advertising Programs That Will not Put You to Sleep

Image
Greater than half of the world’s inhabitants makes use of social media as we speak for nearly each side of life. This makes it a staple in any digital advertising technique, however with a number of quickly evolving platforms, it’s a little bit of a beast to harness for enterprise progress. The opposite drawback, as you’ll quickly be taught, is that discovering a free social media advertising course that's truly price your time is tougher than it needs to be. Which is why I’m excited to share with you my checklist of eight programs that make for fascinating and related on-line studying experiences. Every course covers a barely totally different side of social media advertising, together with: Model constructing and search engine optimisation Technique constructing and monitoring Social listening and monitoring Fb and Instagram promoting Influencer advertising TikTok advertising and promoting Variety and inclusivity in social media Paid social methods In two hours or much less Earli...
Read more

Would you like to leave corporate content marketing for a startup? Here's what I would have known

After more than five years in the corporate environment, you are hungry for change. Marketing trends seem like tectonic plates shifting beneath you, but you stand still right where you were a few years ago. Professionally, you feel the need to join a startup - because of its speed and ambitious OKRs, its culture lessons, its need for experimentation, its actual customer and user obsession, its everyday mentality. In your opinion, your career depends on these experiences. You have the feeling that your career could stall otherwise. But there are a few things you should know before joining. Feel the turbulence in your bone bon In your past jobs at market giants, most of the days and weeks felt the same. Aside from a historic deal that was won or lost, a tough week or month has a similar emotional tenor as a good week or month. At the start, your experience will mimic the dynamics of a concert: euphoric highs mixed with some heartbreaking lows. Most days, however, will be exciting. ...
Read more