cyrpto ahead, Bessent, Bitcoin, calls, crypto, dominance, secretary, Summit, Trumps Mark March 7, 2025 0 Comments

Secretary Bessent calls for US Bitcoin and crypto dominance ahead of Trump’s summit

The American secretary of the Treasury, Scott Bessent, wants Washington on the frontfoot for the global adoption of bitcoin and crypto policy.

Before the summit of the White House crypto, Scott Bessent, secretary to the treasure of President Donald Trump, joined other members of the Pro-Crypto cabinet to defend the digital rhetoric of active in the media.

Creation of a national bitcoin (BTC) The investment strategy was a major crypto promise during the Trump campaign trail. In January, the president signed an executive decree to explore a stock of the American digital asset, which many expect BTC would understand the BTC.

Asset released Another Crypto EO on March 6, distinctly mentioning “storage of American digital assets” and a “strategic bitcoin reserve”. The revised order suggests that the purchases of the active government, a previous discord after the first EO.

According to Bitcoin Treasuries, the US government has 198,109 BTC worth almost 18 billion dollars while the BTC cash price has floated less than $ 90,000. Most, if not all, of the BTC has accumulated by criminal repression.

On March 6, David Sacks, the AI of the White House and the Czar Crypto, subtly critical Previous administrations to unhappy the American wealth of the BTC. Sacks noted that the government sold too early and won $ 366 million in a decade instead of $ 17 billion if it had held.

In the past decade, the federal government has sold around 195,000 Bitcoin for a product of $ 366 million. If the government had owned Bitcoin, it is worth more than $ 17 billion today. It is how much it cost American taxpayers not to have a long -term strategy.

– David Sacks (@ davidsacks47) March 6, 2025

Speak with CNBC A few hours before the Trump summit, the secretary Bessent said that the government’s government stopping BTC was a priority, as was BTC’s potential purchases for a reserve. Bessent also said that the United States had to take the global example of cryptographic policy and “bring bitcoin to shore”. “I am a great supporter of taking the world’s lead in crypto,” noted Trump’s Treasury Secretary.