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Trump Says US Reviewing Large-Scale Direct Purchases of Bitcoin, Other Crypto

Source
JH Kim

Summary

  • President Donald Trump said the US is reviewing direct national-level purchases of Bitcoin (BTC) and other virtual assets (cryptocurrencies).
  • Trump said at a White House technology industry event that his administration is considering direct purchases of Bitcoin and other virtual assets on a large scale.
  • Major reports said details of Trump's remarks on large-scale direct purchases, including the size of any plan and its timing, have not yet been confirmed.

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Photo: Shutterstock
Photo: Shutterstock

President Donald Trump said the US is reviewing direct government purchases of virtual assets, including Bitcoin.

Watcher.Guru reported on August 19 that Trump made the remarks at a White House technology industry event, saying the administration is considering buying Bitcoin and other virtual assets directly on a large scale.

Still, major reports currently confirm Trump's push for passage of the Clarity Act, but have not verified details of the reported remarks about large-scale direct purchases, including the size of any plan or its timing.

#Crypto Regulation
#Macroeconomy
#Policy
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

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