US promises cryptomite with summit as “golden age” threatened with tariff threats

The Summit will be chaired that the director of Digital Assert, the Presidential Working Group for the digital goods, the Chairman, the President’s Working Group presides, and that it is hosted. The domestic will various investors and leading crypto figures.

“After the previous administration of the unfairly processed space of the digital asset, the Vision President of Trump is a new era. The administration is committed to providing a clear regulatory framework, enabling innovation and protection of economic freedom,” says the white house statement.

The President cultivated the wide support of the CRIPTO community promising “Golden Age” for digital assets during his campaign, but hopes fell into collision in crypto market value due to its tariff threats.

The The cripto market fell to $ 800 billion Since Trump attended the function in January after raised to be recorded in November at their election victory in November.

Although Trump took various pro-crypto measures, such as signing Several pro-crypto executive orders, securities commission and exchanging lawsuits against coinbass and consenses and naming Pro-Cripto Figure of its administration, its tariff threats are frightened by crypto investors in deleting post-election gains.

The threats of tariffs against Canada, Mexico, China and European Unions have launched a drop in crypto price, especially Bitcoin and Etherum. Bitcoin fell from high $ 110,000 elections to just over $ 80,000.

The energy tariffs are particularly harmful to the crypto market as Bitcoin, by far the largest cryptocurance of market capitalization, and many other blocks require much energy for mining.

Trump takes the flouring of executive actions favorable for the crypto industry

Pro-Cripto Figures in Trump administration may be given the summit on Friday that the summit on Friday will be a step towards the annulment of wealth crypto on the market, and Trump is set to speak at the event.

Trump before spoke At the Bitcoin conference in Nashville, Tennessee at the trail of the campaign 2024. years. He promised that the United States would become a “Cripto Capital of Planet” and that the Nation will create a strategic Bitcoin Reserve.