Trump’s stance on crypto has changed dramatically in recent times, presenting a sharp contrast to his views a few years ago. The former United States president used to be against crypto; there was a time he labeled Bitcoin and other cryptos as scams, claiming that they posed a threat to the United States dollar (his country’s currency).
It seemed like a statement to assert the USD’s superiority and to undermine any threat that could affect the strength and dominance of the dollar.
Donald Trump’s sharp change, especially at a time when he needs votes, is noteworthy. He has declared all his love for crypto, accepted donations in Bitcoin, and even promised to sack Gary Gensler, the SEC chairman, on the first day in office.
Are these not just empty promises to gain votes and deceive people?
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An Insider Thinks Trump Could Be Unruly
John Mitnick, a former senior Senate-confirmed appointee, made a post yesterday discussing how the former US president cannot be trusted. According to him:
“Trump is reckless, angry, vengeful, and narcissistic, and he has no respect for the Constitution or the rule of law… he is a would-be autocrat and fascist motivated exclusively by his personal self-interest. If you think he cares about you or your family, I assure you that he does not. He cares only about himself.”
The public servant who worked with Donald Trump has a 13-post thread describing the former United States president as someone who would not follow orders and could do anything for power. However, this is still politics; he could be posting these comments based on his support for Kamala Harris.
However, the question remains: Is Trump truly determined to support crypto, and can we trust him?
Trump’s Track Record of Failing Campaign Promises
Throughout his career, there have been questions about former President Trump’s ability to achieve his ambitious goals. While campaigning, he often outlined sweeping reforms but faced challenges in implementation.
A prominent example was healthcare, as Trump vowed for years to repeal and replace the Affordable Care Act. However, despite controlling the presidency and Congress, his administration was unable to pass new legislation.
He also promised to overhaul regulations and curb corruption in Washington, but several of his close advisors and associates instead faced criminal convictions. These unfulfilled promises, along with his own legal troubles related to business dealings, demonstrated the difficulties of translating rhetorical priorities into concrete policy changes.
The unrealized agenda raised doubts about Trump’s effectiveness in translating aspirations into reality once in the highest office.
Once again, we have him here making heavy crypto promises and getting involved in some projects himself. Could it be for the money? For votes? Both? Or does he really mean it?
