On March 7th, a senior official from the White House revealed critical details regarding an upcoming cryptocurrency summit led by former President Donald Trump. This event will specifically aim to dismantle regulatory frameworks deemed unfavorable to cryptocurrencies, which were established during the Biden administration. Notably, Bitcoin is set to receive priority treatment within the federal government’s financial strategy, indicating a potential shift in policy. Trump’s prior commitment to form a cryptocurrency commission reflects his administration’s intention to engage with the industry directly, seeking constructive dialogue and expert guidance. The primary objective of this summit is to foster an environment that supports crypto innovation and development, reassuring market participants of the administration’s stance on digital currencies.
Source: https://en.coinotag.com/breakingnews/bitcoin-set-for-special-treatment-in-upcoming-trump-led-cryptocurrency-summit/