White House official: Trump's cryptocurrency summit will not involve tax issues and will focus on overturning the unfavorable policies of the Biden administration

2025-03-07 23:51:49

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ChainCatcher news, according to Cointelegraph, a senior White House official confirmed that President Trump’s cryptocurrency summit scheduled for March 7 will not discuss tax issues, but will focus on overturning the unfavorable policies of the previous Biden administration.

The official stated during a virtual preview of the summit at 10 AM Eastern Time: "There will be no content regarding taxes. The cryptocurrency internet is filled with various rumors… I don’t know how these rumors started."

The official explained that the summit will serve as a venue for industry leaders to provide regulatory feedback: "The President promised to form a cryptocurrency committee during his campaign. He wants to hear the industry’s advice and feedback, which is the purpose of the summit."

The senior official also confirmed that Bitcoin will receive "special treatment on the federal government’s balance sheet." The Trump administration plans to "overturn" Joe Biden's crackdown on cryptocurrencies and views Bitcoin as the "digital Fort Knox of digital gold."

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