Washington, DC, President Donald Trump assured the encryption sector that he is on a new land at a first summit at the White House on Friday, explaining what industry suspected: I got friends at every level in Washington.
“I know that many of you are fighting for years for this, and I was honored to be with you in the White House,” Trump said at the start of the White House meeting.
In his brief statement, Trump said he would end his predecessor “war on encryption”, praised the legislative efforts of the legislators and discussed the new bitcoin reserves.
“Powerful armed banks. Trump said:” They really did it – they have provided strong armed banks to close the accounts of encryption companies and project owners, and prevent some money transfer operations effectively to and from the stock exchanges, and they made government weapons against the entire industry. “But I know that feeling may be better than you as well. All of this will end soon and end the CokePoint 2.0 process. “
Trump said he wanted to sign Stablecoin before the outbreak of Congress for the August holiday.
He said: “I also want to express my strong support for the efforts of the lawmakers in Congress while working on draft laws to provide the organizational certainty of the dollar -backed and digital assets market.” “They are working hard on that. This is an enormous opportunity for economic growth and innovation in our financial sector, and they will go a long way.”
Referring to his executive order on Thursday, which creates a bitcoin reserve, Trump said he was a “fool” that the federal government has already sold a lot of bitcoin seized.
“The federal government is already among the largest holders of Bitcoin, as you know, one of the largest holders of the world, with up to 200,000 bitcoin through civil law and various other forms of law, including enforcement procedures,” he said. “These current holdings will form the basis of the new reserve.”
“From this day onward, America will follow the base that knows all the Peticker’s currencies well, and does not sell bitcoin,” he said.
Large areas of industry were represented through the list of guests, which included the senior executives of Coinbase, Ripple, Kaken, Gemini, ChainLink, Robinhood and many others, and they represent the most formal encryption group since the black ball that celebrates the victory in the Trump elections. Tyler and Cameroon Winkelvos were Gemini, and Sergey Nazarov of Shnkalkk was among those who spoke during the part that was broadcast at the top.
Earlier on Friday, a senior White House official explained the administration’s position in the Bitcoin Reserve and the secondary encryption store that aims to establish Trump’s order. The official said that the United States government has an estimated 200,000 bitcoin to start reserves and will conduct a review of the specified holdings, and any bouts other than Bitcoin will be preserved in the other stock. The official said that no new money will be placed in assets other than Bitcoin, and any future future investments in Bitcoin will have to be determined in a way that does not use tax dollars.
It was largely supposed to put the post -afternoon summit a tone of the administration, which sought to quickly put digital assets in full swing more than the industry witnessed by former President Joe Biden.
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