The Trump administration plans to “roll back” Joe Biden’s war on crypto and treat Bitcoin as the “digital Fort Knox for digital gold.”
A senior White House official has confirmed that President Donald Trump’s crypto summit on March 7 will not cover taxes but instead focus on rolling back damaging policies pursued by the former Biden administration.
“There’s not going to be anything on taxes. You know, the crypto internet is rife with rumors […] I don’t know how some of these things get started,” a senior White House official said in a virtual preview of the crypto summit held at 10:00 am ET.
Instead, the summit will be a venue for industry leaders to provide feedback on regulations, which is consistent with President Trump’s promise to end Operation Chokepoint 2.0, the alleged initiative to “de-bank” cryptocurrency companies under the previous administration.
