Trump’s former pro-bitcoin chief of staff launches hedge fund. Former chief of staff in the White House under U.S. President Donald Trump, Mick Mulvaney has a hedge fund to manage. Since 2014 Mulvaney has been regarded as an official pro-Bitcoin (BTC), promoting realistic cryptocurrencies regulation.
The new fund called Exegis Capital was announced during a podcast with S&P Global Market Intelligence. Mulvaney would collaborate with former Sterling Capital Management portfolio manager Andrew Wessel.
At the 2014 “Bitcoin Demo Day” conference, Mulvaney said he would like to see the government take its time in regulating Bitcoin. At that time, he said “My interest in it is to just try and make sure that government doesn’t act too soon in such a fashion that curbs the potential for Bitcoin. Because I see potential for Bitcoin as a medium of trade and as a transactional tool, and I’d hate to see the government make decisions early that sort of retard its growth.”
Since then, he has continuously encouraged the government to efficiently regulate the cryptocurrency market. In the near term, Mulvaney is unlikely to actively consider Bitcoin and cryptocurrencies due to his ties with the administration. While Mulvaney is no longer the White House chief of staff, he still remains a special envoy.
[image: Piotr Cichosz]