US President Donald Trump says that the United States is considering buying “sizable” amounts of Bitcoin and other cryptocurrencies. The President delivered remarks at a White House event while hosting CEOs from several crypto companies, including Ripple and Coinbase. When asked about the country swooping in on BTC, Trump said the following:
“Certainly it’s been talked about. It’s take a lot of pressure off the dollar. It’s been very, very good for the dollar. and I think if you came in with recommendations I would certainly listen.”
BREAKING: President Trump says the US is considering buying "sizable" amounts of Bitcoin and other cryptocurrencies. pic.twitter.com/LO2cZ3sAws
Trump’s meeting with crypto executives comes a day after the SEC proposed rules that would exempt certain token offerings from existing securities regulations. The proposal could give crypto companies a clearer route to raising money and issuing digital tokens, while marking another step in the Trump administration’s effort to establish a more favorable regulatory framework for the industry.
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