Janice R. Andrews
The cryptocurrency market experienced a rally following Donald Trump’s electoral victory, with his administration viewed as crypto-friendly. Judy Shelton, an economic expert and former Trump advisor now at the Independent Institute, shared her perspectives on cryptocurrencies’ expanding influence on traditional financial systems.
Speaking with Yahoo Finance, Shelton endorsed the decentralized finance movement, noting it reflects growing skepticism toward government monetary control. She emphasized the personal property aspect of money, suggesting that questioning government control over currency demonstrates market vitality.
Shelton described money as representing a social agreement between citizens and government, arguing that alternative currencies strengthen this relationship through enhanced reliability. Rather than viewing crypto and dollar competition as adversarial, she advocated incorporating blockchain technology to improve dollar efficiency through private-sector innovation and stablecoins.
While championing private cryptocurrency development, Shelton cautioned against a Fed-issued digital currency, citing monopoly risks. She expressed support for the Trump administration’s crypto-friendly stance, describing it as strategically sound.
“Innovation in the private sector should drive progress, while maintaining dollar strength,” Shelton noted, highlighting the complementary relationship between traditional and emerging financial systems.
The discussion reflects the ongoing evolution in financial markets as digital currencies gain prominence alongside traditional systems.
