During the 2016 US presidential campaign, there was a noticeable absence of any mention or support for digital assets from then-candidate Donald Trump. Unlike other politicians who have embraced the potential of cryptocurrencies and blockchain technology, Trump did not make any public appearances at crypto conferences or share any positive messages about digital assets on social media.

This lack of attention towards the emerging industry was not surprising, as Trump has been known for his skepticism towards new technologies and his preference for traditional forms of currency. In fact, during his campaign, he even criticized Bitcoin, calling it a “scam” and stating that he would prefer to stick with the US dollar.

However, as Trump’s presidency progressed, there were some indications that his stance towards cryptocurrencies may be shifting. In 2018, he appointed Mick Mulvaney, a known Bitcoin supporter, as his acting White House Chief of Staff. This move sparked speculation that Trump may be more open to exploring the potential of digital assets.

In addition, Trump’s administration has also taken steps towards regulating the crypto industry, with the IRS issuing guidelines for reporting cryptocurrency transactions and the SEC cracking down on fraudulent ICOs. While these actions may not necessarily indicate support for digital assets, they do show a level of acknowledgement and involvement in the industry.

As the 2020 presidential election approaches, it will be interesting to see if Trump’s stance towards cryptocurrencies evolves further. With the growing mainstream adoption and increasing interest from institutional investors, it may be difficult for any politician to ignore the potential of digital assets. Will Trump continue to maintain his skepticism, or will he surprise us with a change of heart? Only time will tell.