Trump’s Treasury Secretary Accepts Bitcoin (BTC), Requests Regulation!

In the past of bitcoin arguing that it has no value Steven Mnuchin, former US Treasury Secretary under Trumpbegan to change their minds about Bitcoin.

The Russia-Ukraine war by Steven Mnuchin, who participated in CNBC’s Squark Box, bitcoin and made evaluations about the FED’s fight against inflation.

“Regulation is a Must in Bitcoin!”

Stating that most of the use of Bitcoin was illegal in the past, Mnuchin now thinks that the situation has changed.

“I used to think this way at the time, but today we see that the situation has changed a bit.

We see that Bitcoin is used legally and even corporate companies buy Bitcoin because it is interpreted as a protection against inflation.”

personally still of bitcoin Saying that he does not think that it is a protection against inflation, Mnuchin argued that those who want to buy BTC cannot be prevented.

But he added that he was concerned about the ease with which cryptocurrencies could be used for money laundering.

“What I always say about Bitcoin is that it needs to be regulated. In this context, I think it should comply with the Banking Secrecy Act and the Anti-Money Laundering Act and treat Bitcoin like cash.

To me, buying Bitcoin is no different than buying gold or any other asset.”

It Doesn’t Matter How Much FED Increases Interest!

The former treasury minister, who also touched on the rising inflation, of the FED He emphasized the need to be much more aggressive in the fight against inflation.

Mnuchin said that the FED has not been able to reduce inflation to 2% for a long time, and in this context, he thinks that it does not matter how much the FED raises interest rates in its meetings.

“Here, it is important where we are after 1 or 1 and a half years. I heard Powell say 25 basis points yesterday, but even if it’s 50, I don’t think it matters too much right now.”

Finally, commenting on the war between Russia and Ukraine, Mnuchin said, “I met with Putin many times during President Trump’s term. I must say again that such an event would not have happened in our time. There would be no war where we had arrived. What needs to be done now is to press for a ceasefire.” said.

*Not investment advice.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Our Android AppStart live price tracking now by downloading !


source site-4