Crypto segment may see Big Change, Us President Donald Trump Orders to Make Crypto Rules, Bitcoin

The crypto market has volatility for the last few months. The decisions related to the tariffs of American President Donald Trump have had a major impact on this market. Last week, Trump organized the Crypto Summit at the White House. In this, the Crypto Task Force of the US Securities and Exchange Commission (SEC) has been asked to make regulations related to this segment.

At this Crypto Summit, Trump said that the Biden government’s decision to sell a large number of Bitcoin was “stupid”. He said that the US government is working to end the bureaucracy’s fight against this segment. “Over the years, the US government has sold thousands of bitcoins in an idiot manner with billions of dollars,” Trump had reported, “Trump said. Those who took part in this summit included the co-founder of the blockchain firm Chainlink, Sergey Nazarov. Apart from senior executives of firms associated with Crypto, senior officials and MPs of the Trump government also attended this summit.

The formation of regulations for this segment in the US can lead to a major change in the market of cryptocurrency. Recently, Trump also announced to create a strategic reserve of cryptocurrency. This will include cryptocurrencies like Bitcoin, Ether, Solana and XRP. Its purpose is to promote the Crypto Market. Earlier, Trump had signed an executive order related to digital assets. “This segment will be encouraged after the Biden government’s years of Biden government’s years before the Crypto Reserve of the US,” Trump had said.

Along with this, Trump also reiterated his plan to make America the capital of Crypto in the world. He had said, “I will make sure that America be made the capital of Crypto in the world.” Trump also reiterated his support for two major cryptocurrencies Bitcoin and Ether. He had said that both these cryptocurrency will definitely be a major part of this reserve. However, the US Federal Reserve disagreed over the plan to create a reserve of bitcoin.