Trump has responded to the trending news report on the intention of making Larry Fink Treasury Secretary when elected. Trump, through his campaign media team, has waved the story as mere speculation, as they’re too busy with campaign activities to consider such an important arrangement.
Two days ago, the New York Post (NYP) and the Wall Street Journal (WSJ) reported that Donald Trump is considering between Larry Fink, the CEO of BlackRock, and Jamie Dimon, the JPMorgan CEO for the post of Treasury Secretary when elected.
The news ignited suspicion among industry spectators who perceived the news as an obvious development, considering that Fink and Trump had, and still have, a strong business relationship.
In his recent post on the Truth Social media platform, Trump said he had never reasoned in that direction for once.
He went ahead to accuse the so-called ‘Radical Left’ of peddling such rumors. On several occasions, Fink has publicly expressed the advantages of Bitcoin and the need for countries to embrace it.
Arthur Hayes Speaks, Doubts Trump and Vance Cryptocurrency Promises
Analysts debated that Trump has started taking Fink’s many Bitcoin outreach very seriously, a situation that could have led market analysts at NYP and WSJ to speculate such a possibility. On more than one occasion, Trump had also praised Jamie for “changing his prospect about cryptocurrency.”
Before the disclaimer was released, the cryptocurrency community had celebrated the news, commending Trump for making the right choice. Jai Hamid, a market watcher with CryptoPolitan, praised the move, stating that politicians should have no place in the cryptocurrency industry and describing it as the main reason behind the decentralized nature of cryptocurrency.
Arthur Hayes, the BitMEX co-founder and former CEO, had told reporters that, on the issue of cryptocurrency, who’s in office shouldn’t matter. Hayes further suggested that traders should endeavor to push for bipartisan legalization. It doesn’t matter if Trump doesn’t like cryptocurrency or if he doesn’t win the presidential election since he won’t have all the legislative powers to pass any cryptocurrency regulatory bills.
Hayes Says Electorate Knows Nothing About Vance, Faults Trump’s Choice
Hayes explained that many regulatory agencies and cabinets should be carried along throughout the legislative process. He recalled Trump’s first Pro-cryptocurrency statements, where he promised to organize a cryptocurrency army capable of defeating Joe Biden in the coming presidential election.
Hayes sensed some hypocritical tendencies in Trump’s choice of campaign, insisting he was taking advantage of the rising popularity of cryptocurrency and the current strict regulatory guidelines by the Securities and Exchange Commission (SEC) to push his campaign. Hayes also commented on Trump’s choice of a running mate.
He admitted that Vance may have loved the cryptocurrency from inception, but the electorate knew little or nothing about him in person. Hayes revealed that Vance has a history of frequently changing his mind on important issues, citing that, at some point, he was Trump’s strongest critique.
Trump Professes Fink’s Capability, Hayes Continues to Scrutinize Republican Candidate
He also revealed that Vance was once a strong admirer of Kamala Harris some ten years ago but has suddenly started hating her. He questioned the rationale behind his unsteady choices and feared this may be the case with his long-standing support for Bitcoin.
Hayes also stated that Vance had not made any strong pro-cryptocurrency statements in over a years and went ahead to question if he still believed in the industry’s ability to transform economies. Fink was once appointed member of Trump’s business advisory council despite his vast experience in Environmental Social Governance (ESG) investment.
Analysis shows that the ESGs weren’t in the Republican party agenda and haven’t changed despite the emergence of JD Vance. Trump was reported to have invested in the BlackRock Obsidian Fund.
As the United States president, he invited some groups of top CEOs to the White House, including Dimon. Trump has also personally acknowledged Fink’s capability, stating he’d once done a great job for him in the fast when he judiciously managed large sums of money, making him large returns.