Yesterday, the much-anticipated crypto summit took place, and here are the main points that were discussed:
Trump:
⚪️We will make America the crypto-capital of the world and create a crypto-reserve.
⚪️The U.S. is already one of the largest holders of BTC - about 200,000 BTC.
⚪️The Department of the Treasury and the Department of Commerce will explore ways to acquire additional BTC reserves.
⚪️We are completing Operation 'ChokePoint 2.0' (debanking the crypto industry).
⚪️I want legislation on stablecoins to be passed before the August recess. America will never sell its BTC.
⚪️Assets not related to BTC will be stored in a separate vault.
Scott Bassetn (U.S. Treasury):
⚪️We will pay a lot of attention to creating a regulatory framework for stablecoins and will stop the repression of the crypto industry.
⚪️We will revoke and amend all previous recommendations from the IRS regarding cryptocurrency.
Bitcoin is now not just 'digital gold', but a strategic asset. It will be accumulated and held, and there will no longer be pressure from potential sell-offs by the state, and finally, there will be a regulatory framework for stablecoins.
And this is only what has been said openly to the press. What was discussed behind closed doors — we will find out or see later.
Therefore, the best thing to do now is to be patient and wait, as such processes take time. But the main thing is — the ice has broken!