Circle CEO: Doubtful of Trump's use of Bitcoin as a reserve currency

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Circle CEO Jeremy Allaire said in an interview with CNBC that cryptocurrency is already a "purple" issue, or a bipartisan concern, but more needs to be done to solidify that status, or the U.S. will miss the opportunity to lead in this area. Jeremy Allaire said that Trump himself may not have a deep understanding of crypto issues, but the people and advisers around him have quite deep insights into related issues. In addition, despite speculation in the crypto community that Trump may support bold moves such as making Bitcoin the U.S. national reserve currency, Jeremy Allaire seemed skeptical about the possibility of Trump committing to these ideas.

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