President Donald Trump’s administration on Friday detailed how the U.S. plans to assert its leadership in the crypto space during a first-ever White House crypto summit.
During a televised portion of the highly-anticipated event, U.S. Treasury Secretary Scott Bessent spoke about the creation of a strategic Bitcoin reserve and digital asset stockpile, “the regulatory weaponization against digital assets,” and a federal framework for stablecoins.
Policies under former President Joe Biden posed undue harm to innovators in the digital assets space, Bessent said. He added that the Treasury will work closely with the Internal Revenue Service and Office of the Comptroller of the Currency (OCC) to “rescind and amend” once-hurtful…
Apr 21 2025
