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**Trump Planned to Ban Bitcoin in 2020, But Steve Mnuchin Stopped Him, Says Block Official**
In a surprising revelation, an official from Block has claimed that former President Donald Trump intended to ban Bitcoin during his tenure in 2020. According to the statement, it was the intervention of then-Treasury Secretary Steve Mnuchin that prevented this drastic measure from taking place.
The official suggested that Trump’s administration had significant concerns about the impact of Bitcoin on the financial system and national security. However, Mnuchin argued against the ban, emphasizing the importance of blockchain technology and the potential negative repercussions of such a prohibition, ultimately convincing Trump to reconsider.
This intriguing piece of information sheds new light on the regulatory challenges and political dynamics surrounding cryptocurrencies during Trump’s presidency. The news serves as a stark reminder of the precarious position Bitcoin and other cryptocurrencies often find themselves in within the realm of government policy.
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