American President Donald Trump Says Biden was ‘fool’ to sell thosand of bitcoin

At the first Crypto Summit at the White House, Trump said, “In the last few years, the US government has sold thousands of bitcoins in an idiot manner that was worth billions of dollars. It has happened during the Biden government.” Along with this, Trump said that a few months before the election, Biden started to favor Crypto as he came to know how many large number of people are liking it. However, it did not work for Biden.

Trump said that his government is going to make the US the capital of Crypto. He said, “Last year I promised that America will be made the capital of Bitcoin’s superpower and crypto in the world. We are taking historic steps to fulfill this promise.” Senior executives, Trump government officials and MPs are participating in this summit. Recently, Trump 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 support for two big cryptocurrencies Bitcoin and Ether. He had said that both these cryptocurrency will definitely be a major part of this reserve. Earlier, the new government of America had decided to create a regulatory framework for the crypto segment. The US Securities and Exchange Commission (SEC) had reported that a task force has been created for the purpose of creating a regulatory framework for cryptocurrency. The previous US government took action against many firms associated with Crypto by alleging violation of rules.