US President Donald Trump is steadily compatible with his administration with the encryption industry. On March 20, he addressed a community conference for the first time since his election.
Speaking at the BlockWorks Digital Asset Summit summit on March 20 in a previously registered statement, Trump repeated that the United States would take steps to ensure that it is “the world of encryption in the world.”
The President praised the recent organizational shift in the encryption industry on the previous administration, and added:
“Pioneers like you will be able to improve our banking system and push and encourage more privacy, safety, security and wealth for US consumers and companies alike. It will unleash the explosion of economic growth.”
“With the dollar -backed Stablecoins, it will help expand the dominance of the US dollar for the next several years,” the president continued.
President Trump has signed many pro -profit executive orders, including January 23 Assigning the working group on digital assets And another Create a bitcoin strategic reserve In addition to a separate coding stock.
President Trump addresses the summit of digital assets. Source: Cointelegraph/Turner Wright
Related to: Bitcoin price signs two weeks have passed, while the markets are large on Trump’s news
Mixed reactions to the top of the White House encryption
President Trump hosted the first The top of the White House encryptionThe executives of the industry gathered to discuss the future of the regulatory policy of encryption on March 7.
During the meeting, Treasury Secretary Scott Payett said that the United States will focus on passing Stablecoin regulations and promoting Stablecoins as a way to ensure the US dollar The global reserve currency is still.
Speaking at the BlockWorks Digital Asset Asset summit, Bo Heins, CEO of the Chamber of Advisors, said at the Blockworks Digital Asset Asset summit, ” It is likely to be presented to President Trump In the next two months.
Treasury Secretary Scott Payet discusses Stablecoin’s plans at the White House encryption summit. source: Associated Press
The very expected encryption summit was less than expectations, with the encryption community Express mixed reactions To the top.
Founding investors and executive managers tend to describe the historical nature of the event as a purely positive industry, while retail investors and Bitcoin are inclined to look at the event as disappointing.
“The White Crypto Summit is a group of pressure groups that seek to search for rent that pays the state -based monitoring symbols,” Bitcoin)BTCJustin Bickeler Al -Aqsa wrote in X mail.
Bitcoin price decreased by 7.3 % in the days after the White House encryption summit and strategic reserve order, which stipulated that the government can only get more BTC through Budget neutral strategies.
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