White House Gathers to Talk about Crypto
The White House had its first meeting about crypto, which is like digital money. This is a big change because the U.S. government hasn’t been very friendly to crypto before. President Trump wanted to talk about how to make rules for crypto so it’s easier to use and safer.
What They Talked About
The meeting was about making rules for crypto exchanges, DeFi (which is like using computers to trade crypto), and stablecoins (a type of crypto that’s worth the same as a real dollar). They also talked about maybe not having to pay taxes on crypto sales. These talks show that the Trump administration wants to make it easier for people to use crypto.
President Trump and Crypto
President Trump likes crypto so much that he even made his own joke coin! He also worked with a crypto company called World Liberty Financial. He even wants to make a special reserve of crypto, like we have oil and gold, with Bitcoin and other cryptos like Ethereum, XRP, Solana, and Cardano.
What People Think
Crypto prices have been going up and down a lot because people are excited about the meeting. If the government makes good rules, more people might want to use crypto. But some people are worried because the Trump administration has been nice to some crypto companies that were in trouble with the law. Also, some people think crypto can be used for bad things, like fraud.
What’s Next for Crypto in the U.S.?
This meeting was a big deal because it means the U.S. government might be more friendly to crypto now. If the rules are good, more people might use crypto, and it could become even bigger. But we also need to make sure the government is being fair and not helping only some crypto companies.
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