President-elect Donald Trump has vowed to keep Bitcoin in its focus as he prepares to undergo his second term as the President of the United States of America. Hinting at a crypto-friendly administration, Trump has made moves to that effect since being confirmed as the next President. In its detailed mission-vision statement, the new administration wants to include cryptocurrency and artificial intelligence as its backbone.
According to sources, Trump intends to bring the right amount of regulation, while making moves to make America great through the industry’s innovation. During the Bitcoin MENA conference in the United Arab Emirates, Trump’s son Eric, mentioned that his father’s administration will be the most pro-crypto in the history of the world. Aside from his joy at seeing Bitcoin hit $100,000, he lauded his father’s decision to appoint a pro-crypto SEC Chair.
Donald Trump hints at a pro-crypto administration
The moves being made by the Trump administration show that he intends to use Silicon Valley’s big men to reshape the United States. One such move is the appointment of Silicon Valley’s finest David Sacks, one of the PayPal mafia, as the new White House Crypto and AI Czar. His plans are clear, to make America the global leader in all aspects of the industry.
Elon Musk, one of Trump’s biggest supporters and donors, has also been hooked up to help align the government’s spending priority. With the new responsibilities, Musk will push for major changes in spending and personnel. Elon Musk’s projects will also see the light of day at a faster speed, with his SpaceX hustle about to be boosted through the appointment of Jared Isaacman to head NASA. Isaacman is no stranger to Musk, previously teaming up with the Tesla man for a private space walk.
Ethical questions arise as Trump’s dynasty takes flight
Eric Trump’s appearance at the Bitcoin event in the UAE looks like a business move, promoting the family’s new crypto platform World Liberty Financial. “The system turned on us, and crypto turned us back on,” he said, hinting at JP Morgan and other investments that refused to associate with the Trump Organization. During the event, Eric Trump met with Justin Sun, an individual packing serious heat from the SEC.
The ethical questions continued with Steve Witkoff, Trump’s Middle East representative, working on a peace deal while promoting the Trump platform. This significant move has raised concerns over the blurred lines between public service and private business. Meanwhile, Trump’s dynasty is ready to take flight, driven by a tech machine.
Peter Thiel, a Trump ally and one of the big men in Silicon Valley has secured a favorable spot for his network. Aside from JD Vance, a capitalist who is expected to push tech innovations, Jim O’Neill, former Thiel Foundation CEO has been appointed as deputy secretary of Health and Human Services. Marc Andreessen has also been drafted to interview candidates in selected positions, and Jeff Bezos has also aligned with the President-elect’s vision.