0
0
Read Time:1 Minute, 32 Second
In another controversial move that combines the country with Trump’s business interests, the White House will host its first ever crypto summit. Donald Trump will hold an event next Friday, which will feature “prominent founders, CEOs and investors in the cryptocurrency industry and members of the president’s Digital Assets Task Force.” “The summit will be led by venture capitalists and White House AI and Crypto Czar David Sacks, with Bo Hines overseeing the direction of execution. The event comes after Trump signed an executive order to establish a working group in January, a major federal agency composed of the Department of Federal, Justice, Justice, Business and Homeland Security, as well as officials from the SEC and CFTC, and the policy that they will have any policy on Digital. The move marks a clear shift in the Biden administration's approach that has been focused on strict regulations. Compared to Biden's strict stance on cryptocurrencies, especially in illegal activities, the Trump administration is focused on promoting growth in the digital currency space. In 2021, former President Joe Biden Biden announced plans for the White House to assess the use of ransomware related to cybercriminals. The Biden administration aims to create an international coalition to make countries with ransomware participants responsible and expand cryptocurrency analysis to track criminal transactions. During his 2024 campaign, Trump promised to simplify crypto regulations, support stablecoins, and create Bitcoin inventory. Although he hasn't fulfilled all of these promises, his administration's policies and upcoming summits show that his policies and summits show that compared to Biden's tough regulatory crackdown. Notably, Trump once called cryptocurrencies a “scam” and introduced a meme before returning to the office in January to illustrate his ambivalent position on the digital asset landscape.
Source link
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
