TechFlow news, March 7 — According to Cointelegraph, a senior White House official confirmed on March 7 that President Trump's cryptocurrency summit would not address tax issues, instead focusing on overturning unfavorable policies from the previous Biden administration.
During a virtual preview of the summit held at 10 a.m. Eastern Time, the official stated: "There will be no discussion about taxes. The crypto internet is full of rumors... I don't know how these rumors started."
The official explained that the summit would serve as a platform for industry leaders to provide regulatory feedback: "The president promised during his campaign to establish a cryptocurrency council. He wants to hear suggestions and feedback from the industry—that’s the purpose of this summit."
The senior official also confirmed that Bitcoin would receive "special treatment on the federal government's balance sheet." The Trump administration plans to "overturn" Joe Biden's crackdown policies on cryptocurrency and views Bitcoin as the "digital Fort Knox of digital gold."
