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## Former Treasury Head Encourages the US to Reign Supreme in Bitcoin Before the Trump Meeting
Scott Bessent, a previous U.S. Treasury Secretary, is backing the idea of Washington assuming the leading position in worldwide Bitcoin acceptance and cryptocurrency regulations.
Alongside other crypto-supportive individuals, Bessent is openly lobbying for advantageous digital asset guidelines prior to a White House cryptocurrency conference.
A crucial pledge of Trump’s election bid involves creating a nationwide Bitcoin investment approach. In January, he endorsed an executive decree to examine the possibility of forming a U.S. digital asset stockpile, which numerous individuals anticipate will feature Bitcoin.
Trump released another crypto-centered executive decree on March 6, expressly referencing a “U.S. Digital Asset Stockpile” and a “Strategic Bitcoin Stockpile.” This modified decree hints at energetic government Bitcoin acquisitions, an action that triggered debate following the initial decree.
Presently, the U.S. government possesses 198,109 BTC, valued at almost $18 billion at current rates. A significant portion of this Bitcoin was amassed via law enforcement endeavors.
David Sacks, the White House AI and Crypto Czar, recently denounced prior administrations for mishandling the U.S.’s Bitcoin possessions, observing that untimely liquidations deprived the government of billions.
In a CNBC discussion preceding the Trump conference, Bessent underscored the necessity of ceasing additional Bitcoin liquidations and contemplating Bitcoin acquisitions for stockpiles. He additionally asserted that the U.S. must spearhead global cryptocurrency regulations and “bring Bitcoin back to the homeland.” Bessent validated his firm backing for the U.S. undertaking a commanding part in the worldwide crypto sphere. Toncoin (TON) Value Forecast for March 26th
