And it was Trump During his first term, he described digital currencies as a scam, but his position completely changed in this regard, and he even launched his own digital currency, pledging to make the United States “the global capital of Bitcoin and digital currencies.”
During his election campaign, Trump touched on the idea of establishing a strategic national reserve BitcoinDuring his campaign, he received the support of groups active in the field of digital currencies.
Bitcoin, whose purpose was initially to evade the supervision of traditional financial institutions, is based on block chain technology, which acts as a virtual, tamper-proof record that preserves the trace of all concluded transactions.
Regulatory bodies seek to close the legal loopholes surrounding these digital assets, which have often been the subject of controversy and are still considered a means used to launder money or defraud individuals.