According to a leaked copy of ‘The Room Where It Happened,’ the soon-to-be-released book penned by former national security advisor John Bolton, U.S. President Donald Trump personally told Treasury Secretary Steven Mnuchin to ‘go after Bitcoin.’
The Washington Examiner reports that the POTUS wanted to curb ‘the trading and selling’ of the largest cryptocurrency.
Popping the Bitcoin bubble
Trump’s hostility towards Bitcoin shouldn’t come as a surprise given that he himself tweeted that he wasn’t a fan of it on July 12, 2019.
The president took aim at Bitcoin and other cryptocurrencies because of their volatility and their popularity with criminals while insisting that the U.S. dollar ‘will always stay’ the world’s dominant currency.
While many initially assumed that Mnuchin was the source of his ire, the book mentions that Trump demanded Mnuchin to crack down on Bitcoin back in May 2018.
Last October, ex-CFTC Christopher Giancarlo revealed that the Trump administration was able to burst the cryptocurrency bubble by green-lighting Bitcoin futures in December 2017.
Lashing out at Bolton
The 577-page book also contains plenty of other damning revelations such as Trump seeking some help from Chinese President Xi Jinping to secure a second term.
However, claims that ‘The Room Where It Happened’ is ‘made up of lies’ and ‘fake stories’ in a recent tweet.
The Department of Justice sued Bolton to delay the publication of his tome because it contains classified information.