Trump & Cryptocurrencies

Note from the CEO:  No politics or comments from us, but all fintech fans should be very excited on President-elect Trump’s (yeah, it’s official) picks for advisors and offices. Blockchain and digital currencies have a big voice in the new administration. Obviously here at FintekNews we are extremely excited since there will be a lot to write about…………..oh wait, that means more work. Cancel the excitement part.

Electing Donald Trump is great news for all American blockchain startups and digital currency users. President-elect Trump picked Congressman Mick Mulvaney as Director of office of Management and Budget. Couple that with one of his strong backers, Peter Thiel, who is a very strong bitcoin advocate and one can only be excited to have new technology championed at the highest levels. The best part? There most likely will be powerful voices to resist massive legislation that would inhibit growth and innovation. Maybe political campaigns will accept donations in bitcoin too. This is a great read.

“It seems the election of Donald Trump could spell great news for American blockchain startups and cryptocurrency users. President-elect Trump has added to his cabinet an active and vocal supporter of cryptocurrencies and blockchain which means that there will be at least one powerful voice in the US government that will resist further efforts to legislate the technology into oblivion.

Trump picked Congressman Mick Mulvaney, Tea Party Republican, as his administration’s Director of Office of Management and Budget. He is considered a staunch fiscal conservative that wishes to drastically limit the federal government’s spending on social programs.

Just this September he was among the founders of the bipartisan Blockchain Caucus. Commonly called the Bitcoin Caucus by American media, it is meant to help congressmen stay up to speed on cryptocurrency and blockchain.”

Read Full Story at FinanceMagnates