A senior White House official confirmed that the US President Donald Trump's summit on March 7 will not cover taxes, but rather focuses on reversing the policies of the chipto control followed by the previous Biden administration.
“There will be nothing on taxes. As you know, the encryption internet is full of rumors. A senior White House official said in a virtual examination of the encryption summit held on March 7 at 2:00 pm UTC:” I don't know how some of these things start. ”
Instead, the summit will be a place for industrial leaders to make notes on regulations, which is compatible with President Trump's promise to end the Planet 2.0 operation, which is the previous administration initiative reported to cryptocurrencies.
During the campaign, the president promised to have an encryption council. He wanted to take advice and reactions from the industry. This is the purpose of the top.
The Grand White House official confirmed that Bitcoin (BTC) will obtain a “special treatment” in the public budget of the federal government, which is compatible with President Trump's executive order on March 6 to establish BTC reserves.
The official said that the government is that the government “adheres” to bitcoin in the long run, while drawing attention to the unsuccessful BTC sales over the past decade, which was estimated at billions of dollars today.
Related to: President Trump says the encryption reserves to include BTC, ETH, Sol, XRP and Ada
US President Donald Trump signs an executive on March 6 that creates a bitcoin strategic reserve and a separate coding stock. source: Margo Martin
Trump's executive order stipulates that bitcoin will not be sold (and) allows the treasury and trade secretaries to develop neutral budget strategies to add this reserve. Therefore, the taxpayer will not cost ten cents. But if the trustees can know how to collect more bitcoin without the cost of taxpayers, they are authorized to do so. “
In this sense, Bitcoin will be dealt with differently from the “Digital Asset stock”, which includes other encrypted currencies owned by the federal government. They said that the goal of the stock is “the responsible supervision of these assets.”
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This is a developing story, and more information will be added when available.