Outside Source
The Trump administration plans to “roll back” Joe Biden’s war on crypto and treat Bitcoin as the “digital Fort Knox for digital gold.”
Breaking news
A senior White House official has confirmed that President Donald Trump’s crypto summit on March 7 will not cover taxes but instead focus on rolling back damaging policies pursued by the former Biden administration.
“There’s not going to be anything on taxes. You know, the crypto internet is rife with rumors […] I don’t know how some of these things get started,” a senior White House official said in a virtual preview of the crypto summit held at 10:00 am ET.
Instead, the summit will be a venue for industry leaders to provide feedback on regulations.
“[T]he President promised during the campaign to have a crypto council. He wanted to take in advice and feedback from the industry. That is the purpose of the summit,” they said.
The senior White House official confirmed that Bitcoin (BTC) would receive “special treatment on the federal government’s balance sheet.”
US President Donald Trump signs executive order on March 6 establishing a strategic Bitcoin reserve and separate crypto stockpile. Source: Margo Martin
This is a developing story, and further information will be added as it becomes available.
This article first appeared at Cointelegraph.com News
