Trump & Crypto?! 🤯

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So, this Hassett guy… apparently he’s in the running to run the Federal Reserve. The Federal Reserve. Can you believe it? Like, this is the guy who’s…crypto-friendly? What does that even mean?! Is he going to start accepting Bitcoin for federal taxes? The whole thing is just… preposterous. 🤨

And of course, Trump’s people are all over it. Figures. They want someone who wants to cut rates. Cut rates! Like that’s just a simple solution to everything. It’s just 🙄… It’s like saying, “Oh, the house is on fire? Just…lower the price of firewood!”

He’s directing some “digital asset working group” now. A working group. Like they’re all sitting around, strategizing how to make Dogecoin the official currency. It’s a circus, I tell you, a circus! 🎪

And Powell’s time is almost up, which honestly, good riddance. Not that I particularly dislike the guy. I just…it’s a system, you know? And systems… they bother me. They really bother me.

He actually said he’d take the job! “Of course I’d say yes!” What else is he going to say? “No, I enjoy my quiet life and definitely don’t want immense responsibility and scrutiny?” Please. The ego on these people…

“President Trump and I have talked a lot about it,” he adds. Oh, really? And what did they talk about? The weather? His stock portfolio? This is just…too much. Too much!

Hassett owns Coinbase stocks, was a crypto adviser

Okay, so now we find out he owns a million dollars worth of Coinbase stock! A million dollars! And got paid to advise them? It’s like asking the fox to guard the henhouse! It’s just… blatant! You can’t make this stuff up. 🤦

And Jay Clayton, the former US Attorney, was on this advisory board too? This is becoming a regular reunion for people who have a vested interest in crypto succeeding. It’s all very…convenient.

He was on an advisory board for another crypto thing too, Of course, he was. Because why not? Fill the resume, fill the pockets. It’s how things work! 💸

Trump’s Fed chair list looks crypto-friendly

And Trump’s screening other crypto-friendly people! You’re kidding me, right? Like he’s collecting them, like Pokémon cards. “Gotta catch ‘em all!” This is not financial policy, this is a joke!

One of them wants to let Fed staff invest in crypto! So they can…understand the “underlying functionality”? As if buying a few coins is going to give you actual expertise. It’s just…bananas. 🍌

And Trump’s going to pressure whoever gets the job to cut rates. Again. It’s a cycle. A horrible, never-ending cycle. They cut rates, the market goes up, they pat themselves on the back, then it all comes crashing down. And who pays for it? Everyone. Everyone!

Now the market thinks there’s an 85% chance of a cut in December. 85%! It’s like everyone’s just hoping for a Christmas miracle. A financial Christmas miracle. Yeah, that’ll happen.

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2025-11-26 09:30