Appearing on FOX Company on Monday, the former president remarked:
“Bitcoin, it simply seems like a scam […] I don’t like it since it’s another currency competing against the buck. Essentially, it’s a currency competing against the dollar. I want the dollar to be the currency of the planet, that is what I’ve always said.”
Trump’s remarks are in accord with his formerly espoused views on Bitcoin.
At the moment, Trump identified cost volatility as a significant point because of his anti-crypto stance whilst saying that cryptocurrencies were not money and that their value was predicated on”thin air”
The last days of the Trump administration also saw that the Treasury stir the pot with controversial regulations geared toward monitoring self-hosted wallets. This Trump-era policy has become even farther enlarged by the government of Joe Biden, with the Internal Revenue Service also looking to close crypto-related tax loopholes.
However, pro-crypto congresspeople such as Sen. Cynthia Lummis and Rep. Warren Davidson continue to urge for crypto pocket solitude rights.
The conversation around cryptocurrency regulations in the United States seems to has changed toward ransomware since the new focus for its anti-crypto audience in Washington. A spate of ransomware attacks in the U.S. is probably responsible for the new narrative shift.
Back in May, Cointelegraph reported that the Biden government was examining gaps in present crypto rules in the aftermath of the current cost downturn in the market.
