Steve Bannon has had talks with cryptocurrency investors and hedge funds where he's discussed working on initial coin offerings through his Bannon & Co. investment business, the New York Times reports.
Bannon wouldn't say much about his cryptocurrency plans because he's worried that the controversy that surrounds him would hurt projects he becomes involved in.
Cryptocurrency isn't unlike Tea Party politics, he said.
“It’s disruptive populism,” Mr. Bannon told the New York Times. “It takes control back from central authorities. It’s revolutionary.”
Bitcoin +4.9% in early afternoon at $6,616.50 has regained some of this past week's losses.
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