In a recent post to his Truth Social platform, Donald Trump has denied considering JPMorgan’s Jamie Dimon or BlackRock’s Larry Fink for US Treasury Secretary amid his bid for reelection. Trump had been linked to both men during his campaign, but he set the record straight on the rumors Tuesday.
According to Trump, he “never discussed, or thought of, Jamie Dimon or Larry Fink for Secretary of the Treasury.” Moreover, he noted that he didn’t know where the rumor first started, or who first mentioned the potential appointment.
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Trump Denies Rumors of Dimon or Fink as Treasury Secretary
With the campaign in full force, Donald Trump is set to make an important appearance at the Bitcoin Conference 2024 in Nashville this week. His pro-crypto stance has been a growing aspect to his bid to return to the US Presidency. Subsequently, the crypto market is anxiously awaiting who he would appoint as Secretary of the Treasury if he were to win in November.
According to Trump himself, he has never considered appointing JPMorgan or BlackRock CEOs to the Treasury Secretary position. The 45th President took to Truth Social to dispel the rumblings. Both executives have been linked to the position in recent weeks.
The rumors appear to have been rooted in Trump’s perspective on both men. Fink and BlackRock had managed Trump’s investment for several years, according to the New York Post. In 2017, he publicly applauded Fink’s work for him.
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The two options would certainly have differing impacts on crypto. Fink has become a defender of the asset. BlackRock proved to be the most successful Spot Bitcoin ETF launch in January. Moreover, its popularity led the firm to surpass $10 trillion in assets under management.
On the other side, Dimon is a well-known crypto skeptic. He has consistently called Bitcoin and crypto a fraud. Still, he has defended blockchain technology. Therefore, many hope that his position could ultimately change.
That will not affect the Treasury Secretary position, however, as Trump has said. Now, all eyes are on who could take the position. More importantly, the crypto market is weary of how that could affect Trump’s potential impact on the asset class.