President Trump wants to build a pro-crypto nation. Currently, he is on a voyage to overhaul all crypto regulations that can affect trade.
Meanwhile, he is also updating the tax policies. The whole point of the effort is to create a national Reserve of BTC. His ultimate goal is to make the US the first ever nation of the G7 to adopt crypto fully.
According to Forbes, countries like El Salvador have already leveraged a big BTC business landscape. In the meantime, they are not only creating their own BTC reserve. The country is also planning some innovation-friendly policies.
The IMF has played out its hands in this deal. Currently, El Salvador cannot purchase BTC directly, going forward.
However, the nation’s BTC reserve is already a staggering 6,101 BTC. It’s a strategic move. They can put international pressure and create a silo that can force others to trade in BTC or value equivalents with El Salvador. That includes the US as well.
US following the same route?
It seems so. President Trump said in the BTC conference that he will be an essentially pro-crypto president. Now he is trying to live up to that promise.
A Forbes representative from the event said that America is already walking the path of becoming the BTC powerhouse they always wanted to become. Trump’s policies will grease the path!
America has almost become the BTC mining powerhouse. Now they are increasing their reserve, like anything else. There will be a day soon when the US will have a USD pegged currency in the domain of crypto. And it would be official.
