Former US President Donald Trump recently reiterated that he’s not a fan of cryptocurrencies, despite saying positive things about former first lady Melania Trump’s recently-announced NFT platform.
However, Trump went on to decry cryptocurrencies as “a very dangerous thing,” reinforcing comments he made in June on the news network.
“Well, I never loved it, because I like to have the dollar, I think the currency should be the dollar, so I was never a big fan. But it’s building up bigger and bigger, and nobody's doing anything about it,” Trump told Bartiromo.
Trump continued: “Look, I want a currency called the dollar, I don’t want to have all these others — and that can be an explosion someday like the likes of which we’ve never seen. It’ll make the big tech explosion look like baby stuff. I think it’s a very dangerous thing.”
Based on the actions of Republicans in the House and Senate over the past year -- including specific moves taken during the fight over a bipartisan infrastructure bill -- Trump would appear to be at odds with his political party on the subject.
From Sen. Ted Cruz's push for Texas to welcome more bitcoin miners to crypto-holding senators like Cynthia Lummis, the GOP has largely taken the pro-crypto position, as a recent House Financial Services Committee hearing also demonstrated.
This fall, the leading Republican on the HSFC, Patrick McHenry, sought to codify in law a safe harbor provision for token-focused startups, drawing on a proposal from SEC commissioner Hester Peirce, herself an advocate for a more open regulatory approach to crypto.