Trump’s encryption summit “will not have anything on taxes” – White House official

A senior White House official confirmed that the US President Donald Trump’s summit on March 7 will not cover taxes, but rather focuses on reversing the policies of the chipto control followed by the previous Biden administration.

“There will be nothing on taxes. As you know, the encryption internet is full of rumors. […] “I don’t know how some of these things begin,” said a senior White House official in a virtual inspection of the encryption summit held on March 7 at 2:00 pm UTC.

Instead, the summit will be a place for industrial leaders to make notes on regulations, which is compatible with President Trump’s promise ChokePoint 2.0The previous administration initiative reported to cryptocurrencies.

During the campaign, the president promised to have an encryption council. He wanted to take advice and reactions from the industry. This is the purpose of the top.

The Great White House official confirmed that Bitcoin (BTCHe will obtain a “special treatment” on the public budget of the federal government, which is compatible with it President Trump’s executive order on March 6 Create BTC reserves.

The official said while drawing attention to Secret sales from BTC Over the past decade, which would have been estimated at billions of dollars today.

Related to: President Trump says the encryption reserves to include BTC, ETH, Sol, XRP and Ada

Trump’s executive command “stipulates that Bitcoin will not be sold [and] Treasury and Trade Secretaries are allowed to develop neutral budget strategies to add this reserve. Therefore, the taxpayer will not cost ten cents. But if the trustees can know how to collect more bitcoin without the cost of taxpayers, then they are authorized to do so. “

In this sense, Bitcoin will be dealt with differently from the “Digital Asset stock”, which includes other encrypted currencies owned by the federal government. They said that the goal of the stock is “the responsible supervision of these assets.”