Donald Trump Denies Picking Jamie Dimon Or BlackRock CEO For US Treasury Role

Republican presidential candidate Donald Trump has denied media speculations that he was shortlisting JPMorgan CEO Jamie Dimon or BlackRock’s chairman and CEO Larry Fink for the U.S. Treasury Secretary position.

Donald Trump Denies Picking Jamie Dimon Or BlackRock CEO

In a Truth Social post, Donald Trump put an end to the speculations and stated that he never considered or mentioned Jamie Dimon or Larry Fink for the Secretary of the Treasury. 

Trump suspected that this could have been from the Radical Left peddling fake news. The post was made as rumors continue to circulate about possible nominees for his cabinet.

Trump’s clarification was in an attempt to avoid the impression that he was thinking of the JPMorgan and BlackRock CEOs for the position of the U. S. Treasury Secretary. The statement read:

“I don’t know who said it, or where it came from, perhaps the Radical Left, but I never discussed, or thought of, Jamie Dimon or Larry Fink for Secretary of the Treasury.”

Tom Emmer Concerns Over Kamala Harris Administration

During these changes, President Joe Biden decided that he will not seek re-election in 2024, which is a significant move that impacts the 2024 election. He withdrew from the race and later on endorsed the Vice President of the United States Kamala Harris. A Coingape report revealed that the Democratic PAC raised more than $50 million in the next day for Kamala Harris.

However, representative Tom Emmer has voiced concerns about potential appointments under a Kamala Harris administration, specifically mentioning Elizabeth Warren or Gary Gensler as possible candidates for Treasury Secretary. 

Many people are concerned that Kamala Harris would appoint Elizabeth Warren or Gary Gensler to be her Treasury Secretary.

Their mission to upend free markets, innovation, and global competitiveness would destroy our financial system.

We can’t let that happen.

— Tom Emmer (@GOPMajorityWhip) July 23, 2024

Emmer expressed worry that their policies could disrupt free markets, innovation, and global competitiveness, which he argued would negatively impact the financial system.

Context of Rumors and Speculations

The rumors started circulating after reports claimed that Donald Trump could offer the Treasury Secretary position to Jamie Dimon. The statements made by Terrett were consistent with the sentiments expressed by Trump about Dimon. However, there were more speculations that it could be Larry Fink since the CEO of BlackRock had a business connection with Trump and had positive sentiments toward Bitcoin.

This was fueled by Trump’s financial investments, including those made through BlackRock, one of the world’s largest investment firms. Thus, Fink’s positive vision of Bitcoin as “digital gold” was at odds with Dimon’s negative view, which created two options for the Treasury stance. The speculations also pointed to how either candidate’s appointment could shape the U.S. crypto policies. Fink’s positive outlook on Bitcoin may find traction in the crypto market while Dimon’s negative stance may have a different effect.

However, despite these discussions, Donald Trump’s definitive statement aimed to quell the rumors, emphasizing that no such discussions about Dimon or Fink had occurred.

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Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.