Trump Excludes Jamie Dimon, Shifts to Pro-Crypto Agenda

user avatar

by Giorgi Kostiuk

2 years ago

President-elect Donald Trump stated there will be no place for Jamie Dimon in his administration, amid rumors about his potential candidacy for U.S. Treasury Secretary. Meanwhile, Trump is preparing to form a pro-crypto team.

Donald Trump and Jamie Dimon

Donald Trump took to Truth Social to clarify that Jamie Dimon will not join his administration. This announcement comes nearly a week after Dimon, currently the CEO of JPMorgan Chase, declared his intent to remain with the company. Jamie Dimon is a well-known figure in the finance industry, fueling speculation about his potential role in Trump's cabinet.

Trump's Pro-Crypto Agenda

Trump intends to form a pro-crypto team to make the U.S. the world's crypto capital. He promised to create clearer regulatory frameworks, appoint a pro-crypto SEC chair, and establish a presidential committee and crypto advisory board.

President-elect plans to appoint pro-crypto cabinet members to make the U.S. the 'crypto capital of the world.'CEO (@Investments_CEO) on November 12, 2024

Scott Bessent: Treasury Secretary Contender

Scott Bessent, a billionaire and pro-crypto investor, is the top candidate for the Treasury Secretary position once rumored for Jamie Dimon. Bessent noted that Trump's election grants freedom to the crypto market and expressed optimism about Bitcoin's future.

I have been excited about the president’s embrace of crypto and I think it fits very well with the Republican agenda.Eleanor Terrett (@EleanorTerrett) on November 12, 2024

Trump's appointments signal support for cryptocurrencies and a focus on developing a favorable regulatory environment. Meanwhile, the decision against Jamie Dimon for Treasury Secretary indicates the direction of the new president's staffing choices.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

JP Morgan Asset Management Launches Tokenized Money Market Funds on Solana

JP Morgan Asset Management has launched two tokenized money market funds, MONY and JLTXX, on the Solana blockchain for qualified US investors.

user avatarZainab Kamara

Bitwise Dogecoin ETF Reaches Liquidation Distribution Date

The Bitwise Dogecoin ETF has reached its announced liquidation distribution date on October 22, with remaining shareholders set to receive cash based on the fund's net asset value.

user avatarSon Min-ho

Solayer Pay Launches Direct Stablecoin Deposits for Enhanced User Experience

Solayer Pay has launched a feature allowing direct stablecoin deposits from five major blockchain networks, simplifying the funding process for users.

user avatarAyman Ben Youssef

CMCC Global Introduces Tokenized Fund Strategies

CMCC Global is introducing two fund strategies as tokenized securities through Tether's Hadron infrastructure and Bitfinex Securities under El Salvador's regulations.

user avatarTando Nkube

Senator Blumenthal Investigates Tether's Payments to Consultancy

Senator Blumenthal investigates Tether's payments to consultancy Nxum over potential ethics concerns.

user avatarKofi Adjeman

Blockchain Association Pushes for Crypto Tax Legislation

The Blockchain Association advocates for bipartisan changes to cryptocurrency tax regulations, seeking a de minimis exemption for small transactions and clarity in tax reporting for digital asset users.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.