In an interview with the American television program 60 Minutes, Ripple CEO Brad Garlinghouse acknowledged that the crypto community has embraced the United States President-elect Donald Trump.<\/p>\n
He made this statement when asked about Trump\u2019s previous hostility to the crypto market. Recall that in 2021, the now-crypto-friendly politician labeled<\/a> Bitcoin a scam.<\/p>\n CBS journalist Margaret Brennan anchored the interview<\/a> with Garlinghouse. She asked the Ripple CEO:<\/p>\n \u201cBefore this cycle, in June of 2021, Donald Trump was saying, \u2018Bitcoin seems like a scam.\u2019 Do you understand what happened with that transformation?\u201d<\/p>\n Her question highlighted Trump\u2019s previously hostile outlook on crypto assets like Bitcoin. In June 2021, Trump stressed his dislike for BTC because it competed against the U.S. dollar. He added that he wanted the country\u2019s sovereign currency to become the world\u2019s currency. Notably, some individuals voiced<\/a> their disagreement with Trump\u2019s pessimistic view at the time.<\/p>\n Without shedding light on Trump\u2019s past with Bitcoin, Garlinghouse focused on the present.<\/p>\n \u201cI didn\u2019t have a front-row seat to that. I think it\u2019s clear that Donald Trump embraced and crypto embraced Donald Trump,\u201d he replied.<\/p>\n During his campaign for U.S. presidency, Trump repeatedly echoed his support for the crypto industry. He also promised<\/a> to fulfill various things to boost crypto adoption in the country if he won the November election.<\/p>\n Since winning the election, he has begun fulfilling his promises. For example, he recently appointed several pro-crypto individuals to political seats. Among them is Paul Atkins, a crypto-friendly politician that Trump appointed<\/a> to replace Gary Gensler as the U.S. Securities and Exchange Commission chairman.<\/p>\n Interestingly, news of Trump\u2019s selection was key in driving BTC above the $100,000 price mark to an all-time high above $103,600. At the time of writing, the apex crypto asset sold<\/a> for $99,500.<\/p>\n The post Donald Trump Embraced Crypto, and Crypto Embraced Him, Says Ripple CEO<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" In an interview with the American television program 60 Minutes, Ripple CEO Brad Garlinghouse acknowledged that the crypto community has embraced the United States President-elect Donald Trump. He made this statement when asked about Trump\u2019s previous hostility to the crypto market. Recall that in 2021, the now-crypto-friendly politician labeled Bitcoin a scam. Was Trump Always […]<\/p>\n","protected":false},"author":0,"featured_media":26848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26847"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26847"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/26848"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Was Trump Always Pro-Crypto?<\/h2>\n
How Crypto Has Faired With Trump\u2019s Support<\/h2>\n