Trump’s White House Had Crypto Advocate, New Documents Show

Newly revealed documents show that one of President Trump’s senior advisers quietly championed a US digital currency in 2019.

Backing a US Digital Currency

Jared Kushner, former Senior Adviser to the President in Donald Trump’s administration pushed for the White House to consider cryptocurrency. A 250-page collection of crypto-related emails from Treasury Secretary Steven Mnuchin’s tenure disclosed this. 

Cryptocurrency news website CoinDesk obtained the documents through a Freedom of Information Act (FOIA) request. 

It revealed a link included in an email sent by the presidential aide to the Treasury Chief. The link leads to a blog post titled “U.S. Digital Currency”. The author is Sam Altman, OpenAI CEO and former head of Silicon Valley startup incubator, Y Combinator. 

Kushner asked for an audience to discuss the post with the former US Treasury head.

“Steven, would you be open to me bringing a small group of people to have a brainstorm about this topic?” he wrote. “My sense is it could make sense and also be something that could ultimately change the way we pay out entitlements as well saving us a ton in waste fraud and also in transaction costs.”

The documents did not include Mnuchin’s reply, however, if there was any. There is no indication that he took any action. 

Jared Kushner, who doubled as the former president’s son-in-law, is more known for his foreign policy contributions.

The adoption of cryptocurrency is at unprecedented levels, according to statistics. However, it was not quite the same in 2019, when Kushner made the move.

Sources

ABOUT AUTHOR

Daniel is an Economics grad who fell in love with tech. His love for books and reading pushed him into picking up the pen - and keyboard. Also a data analyst, he's taking that leap into data science and machine learning. When not writing or studying, chances are that you'll catch him watching football or face-deep in an epic fantasy novel.

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