He is the first member of Congress to accept bitcoin donations and questioned Janet Yellen, Chair of the Federal Reserve, in October 2015: “what Bitcoin’s rising popularity says about public perception of the Federal Reserve’s conduct of monetary policy,” according to Coin Center, a non-profit bitcoin research and advocacy center.
Moreover, Mulvaney, together with Jared Polis, a Democratic member of Congress from Colorado, launched the bipartisan Blockchain Caucus in September with Mulvaney stating:
“Blockchain technology has the potential to revolutionize the financial services industry, the U.S. economy and the delivery of government services, and I am proud to be involved with this initiative.”
According to Mother Jones, Mulvaney’s view of the Federal Reserve is that it has “effectively devalued the dollar” and “choke[d] off economic growth.” While regarding bitcoin Mulvaney stated that the currency is “not manipulatable by any government.”
This is the latest sign that the Trump administration is likely to be highly favorable to this space. Peter Thiel, an investor in Bitpay and vocal bitcoin supporter who campaigned for Trump during the election is now an advisor. Milo Yiannopoulos, the flamboyant technology editor for Breitbart News whose founder has been named chief strategist and Senior Counselor for the Presidency of Donald Trump is known to be a bitcoiner.
Mike Cernovich, a strong and influential supporter of Trump during the campaign, is a bitcoin user. In a short interview with Cenovich for my editorial before the election after he tweeted about bitcoin, Cernovich stated:
“Freedom is a mindset and BitCoin is freedom. It wouldn’t surprise me to learn that Trump’s sons hold BitCoin.”
Donald Trump found support in Bitcoin investor and PayPal co-founder Peter Thiel.