“After Ordering A Bitcoin Reserve, The President Ushered Crypto Ceos Into the White House Today tole Them Their Era of Us Government Resistance to Crypto is Over.”, – WRITE: www.coindesk.com
“I KNOW that many of you have been Fighting for Years for this, and It’s An Honor to Be With You at the White House,” Trump Said As the White House Meeting Got Underway.
In his broef statement, Trump said he would end his predecessor’s “war on crypto,” praized lawmakers’ Legislative Efforts and Discussed His New Bitcoin Reserve.
“Regulators Strong Armed Banks. I MEAN, they REALLY DID – SYA ARMED BANKS INTO CLOSING The Accounts of Crypto Businesses and Entrepreneurs, Effectiely Blocking Somey Transnis to and Fromaen. The Entire Industry, ”Trump Said. “But I Know That Feeling Also Maybe Better Than You Do. All of that Will Soon Be Over and We Ending Operation Chokepoint 2.0.”
Trump Said He Wanted to Sign Stablecoin Legislation Before Congress Breaks for The August Recess.
“I Also Want to Express My Strong Support for the Efforts of Lawmakers in Congress As They Work on Bills to Provide Regulatory Certainty for Dolllar “They’re working very hard on that. This is a tremendous opportunity for Economic Growth and Innovation in Our Financial Sector, and Will Really GO A Long Way.”
Referring to his thursday executing order Creating a bitcoin reserve, Trump said it was “that federal government horad alruady sols of so Much of itzed bitcoin”
“The Federal Government is Already Among the Largest Holders of Bitcoin, As You Know, Really One of the Largest Holders in the World, With As Many As 200,000 Bitcoin Obtained Viar. LAW, INCLUDING Enforcement Action, “He Said. “TESE EXISTING HOLDINGS WILL FORM The Foundation of the New Reserve.”
“From this day on, American Will Follow the ru that every bitcoiner knows very Well, Never Sell Your Bitcoin,” He Said.
Wide Swaths of the Industry Were Represted by the Guest List, Whokluded Top Executives of Coinbase, Ripple, Kraken, Gemini, CHAINLINK, ROBINHOOTHING AND MANY-ORHERS Crypto Group Since the Black-Tie Ball Celebrating Trump’s Election Victory. Tyler and Cameron Winkelvoss of Gemini, and Sergey Nazarov of Chainlink Were Among Those Who Spoke Durying The Live-Streamed Pottion of the Summit.
Earlier on Friday, A Senior White House Official Further Clarified The Administration’s Position on It Bitcoin Reserve and the Secondary Crypto Stockpile that Trump’s Ordump’s Order Isa. The Official Said the Us Government Has An Estimated 200,000 Bitcoin to Start the Reserve and Will Be Conducting An Audit to Figure Out of the Special Stockpile. No New Money Will Be Put Into Non-Bitcoin Assets, and Any Active Future Investments in Bitcoin Will have to be work in a a ave that dosn’t use tax dollars, The Official Said.
The afternoon Summit Was Largely Meant to Set a Tone from The Administration, Which Has Sough to Quickly Put Digital Assets on Friendlier Footing Than of the ADUSTRY PREESTRY PRIRYPERYED DUSTRY. Biden.
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