Mr. Qite is shining on the cryptocurrency industry, believing it is entering a “new stage” Trump administration.
“The reason they are not satisfied now is that they have watched the crypto era in the cowboy era, but all crypto cowboys are in prison or in bankruptcy. “My opinion on Lala Trump” Saturday.
“They will provide regulations to allow this to blend with U.S. financial institutions. It will become a payment system, an investment vehicle. It will become a part of all sectors of our economy. We have 11 areas. Ultimately, I believe cryptocurrencies will be 12th.”
Trump’s crypto czar reduces government lack of Bitcoin’s ‘long-term strategy’
President Donald Trump made headlines last year for embracing the cryptocurrency industry as a key issue in the 2024 election.
The largest address in the world Bitcoin Conference in Nashville, Tennessee In July, Trump vowed that the United States would become the “crypto capital of the earth” and the “world’s Bitcoin superpower.”
Now the 47th President has many Encryption Guarantee Since taking office in January.
Trump creates strategic bitcoin reserves, other cryptocurrencies used in stock
President Donald Trump signed an executive order to build strategic bitcoin reserves last week, just one day before the first picky crypto summit.
“The U.S. crypto reserves will boost this critical industry after years of corruption attacks on the Biden administration, which is why the executive order I’ve executed on digital assets directed the Presidential Working Group to advance crypto strategic reserves, which include XRP, SOL and ADA,” he said. Trump wrote.
“I will make sure the United States is the crypto capital of the world. We make America great again!” he added.
Crypto Tsar David Sax The move was celebrated through a post on X.
“The reserve will be capitalized by the federal government-owned Bitcoin, which is confiscated as part of a criminal or civil asset forfeiture process. This means that it will not cost taxpayers a dime,” he wrote. “It is estimated that the U.S. government owns approximately 200,000 bitcoins; however, there has never been a complete audit. EO guides the full accounting of the federal government’s digital asset holdings. The U.S. will not sell any bitcoins stored in reserves. It will be kept as a store of value. Reserves are a reserve of value.
“The most important thing is that this will be the first government to say that this sector belongs to the United States. The development should be here. The technology should be mastered here. We should lead the world. Other governments are not doing that, and I think we should celebrate it because I don’t think we should be behind that,” Lala Trump In his interview with Pubkey Bitcoin Bar in New York City.
Pubkey co-owner Thomas Pacchia also weighed the future of Trump-led cryptocurrencies, noting that President Biden-led leaders are “brutally cruel.”
Click here to get the Fox News app
“For four years, it’s a very radical government. I think the biggest victory is to keep moving forward without 4 or 8 years of it and very punishment. It’s very, very punishment. There’s no dialogue. It’s not something you can go and talk to the government.”
Trump’s return Pacchia added that going to the Oval Office is “a huge change in the industry”.
Fox Business’Anders Hagstrom and Suzanne O’Halloran contributed to the report.
