Steve Bannon Looking to Enter the ICO Race

Steve Bannon

In a New York Times interview Thursday, Steve Bannon revealed plans for his company to move into the crypto space.

In the New York Times article, Bannon, the former chief strategist for US President Donald Trump and executive of Breitbart News told the media firm that he had been in meetings with several investors and hedge funds, discussing initial coin offerings (ICOs) in relation to his investment firm, Bannon & Company.

Bannon denied discussing further details, saying his reputation could mar other projects.

The political pundit turned investor also revealed he has a good stake in bitcoin,  and restated his belief that cryptocurrency’s power lies in “disruptive populism.”

Bannon said of crypto:

“It takes control back from central authorities. It’s revolutionary.”

While Bannon displayed interest in crypto as far back as 2016, his growing support for the technology became more widely known after leaving the White House in 2017. On a speaking engagement last year, Bannon notably stated that cryptocurrency and blockchain technology will bring true freedom.

The New York Times article goes further, with Bannon saying that he wanted to help others build their own cryptocurrencies, even touting the possibility of creating his own, called “deplorable coin”, with the term deplorable having been used to describe his supporters.

Finally, Bannon described leading figures in cryptocurrency as “visionaries”

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