Trump appoints Bitcoin advocate who despises the Federal Reserve as budget chief!
NEW YORK (PNN) - December 20, 2016 - President-elect Donald Trump made a rather surprising choice when appointing Blockchain Caucus co-founder Mick Mulvaney as the Fascist Police States of Amerika next Director of Office of Management and Budget. Until that moment, not many considered Mulvaney an option, but Trump feels that Mulvaney is the right choice.
This will echo in a large way with the Crypto/Bitcoin and Blockchain communities. Mulvaney is a hard-line fiscal conservative wanting to drastically cut federal spending on social programs.
This past September he was a founding member of the bipartisan Blockchain Caucus, meant to help Congress remain current on crypto/blockchain technologies/currency, and develop policies to advance them.
“Blockchain technology has the potential to revolutionize the financial services industry, the (FPSA) economy, and the delivery of government services, and I am proud to be involved with this initiative,” said Mulvaney.
It was recently stated that the Federal Reserve has effectively devalued the FPSA Dollar. To put this in perspective, the FPSA dollar and the Euro have almost reached parity - a big decline for the USD, despite its overall positive trending through 2016. If both currencies reach parity, things could get out of hand across the financial markets rather quickly.
Mulvaney went has stated how the Fed has “choked off economic growth”.
During Mulvaney’s speech to the John Birch Society chapter, he also praised Bitcoin for its “immutability”. He went on to explain how Bitcoin cannot be manipulated by government. That's strong wording that we would not really expect from the next FPSA president’s budget chief.
Mick Mulvaney may be the most interesting addition to Team Trump’s staff so far. Having a pro-Bitcoin personality close to the POTUS paints an exciting future for Bitcoin.
