Crypto Stories

New Documents on Trump-Era Crypto Policy

By Parasshuram Shalgar
Published January 12, 2022 Updated February 2, 2022

CoinDesk cataloged a Freedom of Information Act (FOIA) appeal with the U.S. Treasury Department for one-time Treasury Secretary Steven Mnuchin’s DeFi emails. Subsequently, it accepted documents that outbuild the Treasury Department’s standpoint. The ex-president Donald Trump scanned crypto, counting the CBDCs. CoinDesk’s David Z. Morris falls through the Biden-era crypto policy’s key findings and results.

CoinDesk has issued the complete report titled “The Mnuchin Files: New Documents Shed Light on Trump-Era Crypto Policy.” The report is of the length 250-page. It investigates the U.S. crypto scheme during the Trump administration. This revealed that Jared Kushner is off the record of a U.S. digital currency. Nikhilesh De – CoinDesk’s Global Policy & Regulation Managing Editor talks over the key highlights.

Overview of the Key Takeaways 

As per the newly encountered documents, “the idea of a digital U.S. dollar had private advocacy inside the Trump administration in the president’s son-in-law.”

Two years prior, on May 28, 2019, Jared Kushner – a confidant to President Trump and Ivanka (Trump’s husband) emailed Treasury Secretary Steven Mnuchin. The email was something like this. It is linked to a blog post by Sam Altman – former CEO of Y Combinator, the Silicon Valley start-up cradle.

The investigating policy reports the rapid growth of Crypto over the last four years. During this surge-up, Trump was in office irrespective of his public admission of not being BTC’s follower. Anyways, Trump wasn’t straight away accountable for this growth. Rather it had been the regulators assigned by him who launched some policies in his administration. These policies boosted the crypto industry.