Trump Wanted To Sue Bitcoin ‘For Fraud’

The telltale book by former National Security advisor John Bolton on what goes on the White House is being leaked by various newspapers before it’s official launch in order to increase sales.

Republican President Donald Trump allegedly ordered Treasury Secretary Steve Mnuchin to try and sue Bitcoin for fraud instead of trying to re-negotiate a trade deal with China.

The book states that Trump would have told Mnuchin to: “Don’t be a trade negotiator,” but instead he should: “Go after bitcoin [for fraud].”

“If you don’t want me on trade, fine, your economic team will execute whatever you want,” Mnuchin is supposed to have answered. Bolton claims that the echange took place in May 2018, just when Wall Street investors were rallying around Bitcoin which had risen 33% against the dollar.

Trump negative in Bitcoin in the past

Although there is no proof that the conversation actually took place, it wouldn’t be the first time that the US President spoke out on Bitcoin. Just past summer, he stated on Twitter: “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”

“Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….”

Be that as it may, there is no such thing as bad press so any time that Trump mentions Bitcoin, it in fact increases the worldwide knowledge about crypto.

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