US renews sanctions waiver for purchase of Russian oil, Lok Sabha adjourned sine die, Budget session concludes. IMF raises India growth forecast to 6.5% for 2026 and 2027, Nirav Modi case to be 'confidential' as European Court of Human Rights grants anonymity,

Trump declares US a bitcoin superpower at Crypto summit

In a landmark meeting at the White House on Friday, US President Donald Trump engaged with top cryptocurrency executives, marking a significant shift in federal policy. The four-hour summit, attended by major industry figures, highlighted Trump’s newfound support for crypto, in contrast to previous regulatory crackdowns. Since he took office, Trump has orchestrated a complete transformation of federal policy on crypto. The Securities and Exchange Commission has almost entirely reversed an aggressive campaign by the Biden administration to crack down on the industry. The agency, moving with astonishing speed, has issued legal guidance to help crypto companies, ended investigations into major firms and dropped lawsuits against two of the largest exchanges, Coinbase and Kraken. “Many of you have been fighting for years for this,” Mr. Trump said as the room quieted. “It’s an honor to be with you at the White House,” he said.

On Thursday, Trump signed an executive order to establish a bitcoin and four other coins strategic reserve, directing the secretaries of Treasury and Commerce to develop "budget-neutral strategies" for acquiring additional bitcoin that have no "incremental costs" on taxpayers.

 


Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Items

  1. Iran rejects Trump’s enriched Uranium transfer claim

    Full Story

  1. Trump lauds L-G Taranjit Sandhu's role in strengthening India-US ties

    Full Story

  1. Iran to hand over enriched uranium, says Trump

    Full Story

My Cartoon


image1


Photos

Food & Lifestyle

Preserving the Past: Tubers, Tradition, and the Tang of Monkey Jackfruit

India's culinary landscape is enriched by the versatile tubers that have been cultivated and consumed for centuries. 

Read More

Crime

Karnataka: Cong MLA gets life sentence in BJP leader murder case

A Bengaluru court on Friday sentenced Congress MLA Vinay Kulkarni to life imprisonment in a BJP leader  murder case. 

Read More

Opinion

An elegy for a wounded ideal

Democracy was never meant to be a mere mechanism for counting votes, nor peace a temporary pause between hostilities.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.