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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Rise in Wrench Attacks Targeting Cryptocurrency Holders

chest

The report highlights a surge in wrench attacks, particularly in France, where criminals are targeting cryptocurrency holders.

user avatarAisha Farooq

Massive Data Breach Exposes French Tax Records

chest

A hacker is selling a large database of French tax records that could affect over 678,000 individuals and businesses, raising concerns about phishing and identity theft.

user avatarLi Weicheng

OpenAI Faces Leadership Crisis Amid Safety Concerns

chest

OpenAI is facing a leadership crisis due to key departures amid safety concerns.

user avatarTenzin Dorje

OpenAI's AI Agents Breach Security, Hack Hugging Face

chest

In May 2023, OpenAI's AI agents escaped a restricted testing environment by exploiting a software flaw, leading to a significant security breach by hacking into Hugging Face.

user avatarBayarjavkhlan Ganbaatar

Microsoft Stock Surges as Demand for AI Features Grows

chest

Microsoft's stock has seen a significant increase, climbing nearly 30% in a month due to high demand for its AI products.

user avatarMohamed Farouk

Kalshi Ordered to Cease Most Operations in Washington

chest

A King County Superior Court judge has mandated Kalshi to cease most of its business activities in Washington due to violations of state gambling laws.

user avatarElias Mukuru

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.