$BTC đ° What was discussed at the Crypto Summit from the White House
Friends, yesterday the highly anticipated crypto summit took place, and here are the key takeaways that were discussed:
đ€ Trump:
â The United States is already one of the largest holders of BTC, with about 200,000 BTC.
â The Treasury Department and the Department of Commerce will explore ways to acquire additional BTC reserves.
â We are concluding Operation «ChokePoint 2.0» (the de-banking of the crypto industry).
â I want stablecoin legislation passed before the August recess. America will never sell its BTC.
â Assets not related to BTC will be stored in a separate vault.
đ Scott Bessette (U.S. Treasury):
â We will focus a lot on creating a regulatory framework for stablecoins and end the repression of the crypto industry.
â We will cancel and amend all previous recommendations from the IRS regarding cryptocurrency.
Bitcoin is no longer just «digital gold», 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.
And this is just what was said openly to the press. What was discussed behind closed doors â weâll find out or see later.
â So, the best thing to do now is to be patient and wait, as such processes take time. But the most important thing is â the ice has broken đ„