Former US President Donald Trump has long been skeptical of cryptocurrencies, but his views have shifted over the years. Now, crypto enthusiasts are hoping he’ll make them mainstream under a second term as president. The FT’s digital markets correspondent Nikou Asgari and US legal and enforcement correspondent Stefania Palma discuss the potential impact on Washington and the world.
Trump has nominated several key figures to shape America’s cryptocurrency policy. Paul Atkins, a crypto advocate, has been chosen as SEC chair, while Elon Musk ally David Sacks will oversee crypto and AI. These moves are seen as steps towards mainstreaming cryptocurrencies in the US.
With Bitcoin recently reaching $100,000, hopes for Trump’s second term are growing among crypto enthusiasts. However, critics warn of the potential risks and challenges that come with embracing a highly volatile industry.
The FT’s Swamp Notes podcast explores what this means for Washington and the world, and how it could shape America’s position on cryptocurrencies in the future.
Source: https://www.ft.com/content/6aa57ef6-0bc4-444e-b832-b383ec9dd9f1