The top of the encryption leaves investors want more than just words

On March 7, the White House held its first encryption summit, indicating a significant change in how the United States government is dealing with digital currencies now after Trump is responsible. People in the world of encryption were in the hope of getting some clear policy advertisements, but the type of event left them suspended-no real promises were made, and this disturbs many investors.

The summit pulled large names from TOP encryption companies to chat about the digital assets of the administration. Trump doubled his goal of converting the United States to the site of completion of encryption penetrations, but frankly, many people in the industry were looking for more than just great words-they wanted to work.

key advertisement He came from “Crypto CZAR” from Trump, David Sachs, the capitalist, who revealed that the president had had The executive order signed Create a strategic bitcoin reserve. However, the reserve will only include Bitcoin’s pre -seized biases by federal law enforcement agencies, rather than any new government purchases.

In addition, a separate “digital assets stock” will be created to hold encrypted currencies other than to be formed such as ETHEREM and Ripple. Investors expect new government investments in the encryption market, but the executive matter lacks any commitment to new purchases, leaving stakeholders disappointing.

After the summit, Bitcoin prices decreased by 3 % on Friday, as the week closed a decrease of 7 % to 87,000 dollars. The market’s reaction was initially positively with the strategic reserve news, but the enthusiasm faded after it became clear that the administration will not buy additional encryption assets.

Jeff Park, an executive official at Bitwise, expressed his disappointment, saying: “We have asked very little. The presence of bitcoin is only and not the rest of Alkainat in the strategic reserve is not a victory.”

Before the summit, White House officials described Bitcoin as a “digital fortress”, ensuring that White House officials emphasized that maintaining encryption assets instead of selling them immediately will help the government maintain control of its digital property. In the past, they argued that the emptying of these assets was very soon that the taxpayers were potential, as the value of bitcoin continued to rise.

They were also placed in the comfort of rumors on the Internet that encryption investors may be exempt from paying taxes on their gains, which shows that there is no such policy. In addition, they made it clear that the reserve would initially include three encrypted currencies other than Peticin, as some investors hoped.

According to the data of the Federal Electoral Committee, the encoded currency industry played a major role in the 2024 elections, as it contributed more than 245 million dollars in political action committees and affiliated groups. It is said that nearly half of the companies’ donations in the elections came from the encryption entities.

While the industry had great hopes in stronger support than the government, Trump reassured supporters that his administration “will end the federal bureaucracy war on encryption.”

Despite the lack of major political transformations, the fact that the White House encryption summit has ever made progress in the industry that seeks to accept prevailing for a long time. However, many investors are still skeptical about whether the administration’s actions will coincide with its pro -rental speech.

Also read: “Many of you were fightingNanger for this, “Trump at the Crypto Summit