Donald Trump embraced Crypto and Crypto embraced him, says Ripple CEO

In an interview with US TV show 60 Minutes, Ripple CEO Brad Garlinghouse acknowledged that the crypto community has embraced US President-elect Donald Trump.

He made this statement when asked about Trump’s past hostility to the crypto market. Remember that in 2021, the now crypto-friendly politician labeled Bitcoin as a scam.

Was Trump Always Pro-Crypto?

CBS reporter Margaret Brennan anchored the interview with Garlinghouse. He asked Ripple’s CEO:

“Before this cycle, in June 2021, Donald Trump was saying, ‘Bitcoin looks like a scam.’ Do you understand what happened with that transformation?”

His question highlighted Trump’s previously hostile outlook on crypto assets like Bitcoin. In June 2021, Trump highlighted his dislike of BTC because it competed with the US dollar. He added that he wanted the sovereign currency of the country to become the currency of the world. In particular, some people expressed their disagreement with Trump’s pessimistic view at the time.

Without shedding light on Trump’s past with Bitcoin, Garlinghouse focused on the present.

“I didn’t have a front row seat to this. I think it’s clear that Donald Trump embraced and crypto embraced Donald Trump,” he responded.

How Crypto Has Fared With Trump’s Support

During his campaign for the presidency of the United States, Trump repeatedly echoed his support for the crypto industry. He also promised to fulfill several things to boost the adoption of cryptocurrencies in the country if he won the November elections.

Since he won the election, he has started fulfilling his promises. For example, he recently appointed several pro-crypto individuals to political seats. Among them is Paul Atkins, a crypto-friendly politician whom Trump nominated to replace Gary Gensler as chairman of the US Securities and Exchange Commission.

Interestingly, the news of Trump’s selection was key in pushing BTC above the $100,000 price mark to an all-time high above $103,600. At the time of writing, the Apex crypto asset was sold for $99,500.

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