š°šØWhat was discussed at the Crypto Summit from the White HousešØšRespected Friends, yesterday the highly anticipated crypto summit took place, and here are the key takeaways that were discussed:
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š„Trump: ā The United States is already one of the largest holders of BTC, with about 200,000 BTC. ā The Treasury Department and the Department of Commerce will explore ways to acquire additional BTC reserves. ā We are concluding Operation Ā«ChokePoint 2.0Ā» (the de-banking of the crypto industry). ā I want stablecoin legislation passed before the August recess. America will never sell its BTC. ā Assets not related to BTC will be stored in a separate vault.
šØScott Bessette (U.S. Treasury): ā We will focus a lot on creating a regulatory framework for stablecoins and end the repression of the crypto industry. ā We will cancel and amend all previous recommendations from the IRS regarding cryptocurrency.
š„āBitcoin is no longer just Ā«digital goldĀ», but a strategic asset. It will be accumulated and held, with no pressure from potential government sell-offs, and finally, a regulatory framework for stablecoins will emerge.
šØāAnd this is just what was said openly to the press.šØ What was discussed behind closed doors ā weāll find out or see later.
š„ā So, the best thing to do now is to be patient and wait,š as such processes take time. But the most important thing is ā the iceĀ hasĀ broken
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