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

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

user avatarMohamed Farouk

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

user avatarDiego Alvarez

BAI Sets New Industry Record with 151 Trillion Tokens Daily Throughput

BAI has set a new industry record with a daily throughput of over 151 trillion tokens, marking a significant increase since its launch.

user avatarElias Mukuru

Justin Sun Prize Launched to Transform Scientific Research

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.

user avatarKenji Takahashi

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.