Trump-aligned investor John Paulson declines US Treasury job
One dream pick for a crypto-friendly treasury secretary in Donald Trump’s second administration will not be happening, as prominent hedge fund manager John Paulson said today that he won’t be taking the job. Speaking about his decision, Paulson said, “My complex financial obligations would prevent me from holding an official position.” That admission is certainly true. For example, Paulson’s massive equity positions in government-sponsored enterprises Fannie Mae and Freddie Mac, whose profits are swept into the US Treasury, have more than doubled in price since Trump won re-election. His conflict of interest is certainly evident. With Paulson dropping out of the race, other contenders for the position include Key Square Group’s Scott Bessent, Cantor Fitzgerald’s pro-Tether Howard Lutnick, Jay Clayton, and Jamie Dimon. Trump win opens door to many pro-crypto government appointments Read more: Crypto promises that Donald Trump must now live up to Crypto ad...