Trump says working to end US government 'war on Crypto'
Following the decision to create a 'Strategic Bitcoin Reserve', United States President Donald Trump said that he's working to end the government's "war on crypto"
Addressing the Crypto Summit at the White House, Donald Trump heavily criticised former President Joe Biden's stringent actions against cryptocurrencies such as Bitcoin and expressed a more welcoming approach by his administration.
"My administration is working to end the federal bureaucracies' war on crypto which was really going pretty wildly during Biden until the election came about. 5 months before the elections he became a big fan because he heard how many people love it and respect it but i guess it didn't work out for him."
Speaking about the signing of the executive order to form a 'Strategic Bitcoin Reserve' on Thursday, Trump informed that the federal government is the "largest" holder of Bitcoin in the US.
"Last year, I promised to make America the Bitcoin superpower of the world and the crypto capital of the planet, and we're taking historic action to deliver on that promise. Yesterday, I signed an executive order officially creating our strategic Bitcoin reserve." The federal government is already amongst the largest holder of Bitcoin, one of the largest holders in the world. These existing holdings formed the foundation of the new reserve." Trump said.
