President Donald Trump Drops Bitcoin and His Other Achievements as a Pro-Crypto Leader on 20th Feb

During his ascension, Trump promised that he would be a “pro-crypto” prescient this time. The date was 20th Jan. Cut to 20th Feb. The president claims he has some serious achievements in the crypto and AI niches to announce.  

During yesterday’s FII priority summit, President Trump said without any facade that he has introduced some genuine innovations in the US like never before! Especially he seemed ecstatic about his achievements in the crypto market. He also claims that Bitcoin reached the magical figure of $108,217.56 due to his intervention. His words were- 

“Bitcoin has set frequent all high price records because I’m committed to making The US a crypto capital.”  

The Biden Controversies May End Now  

Trump seemed particularly unpleased with the progress of the Securities and Exchange Commission under former president Joe Biden. He said that most of the SEC’s dealings were politically motivated and inclined. He added that some of these coveted SEC agendas were dropped just before he assumed the chair.  

The president has one thing to say clearly. He’s into crypto and actively promoting it, not for political gain. Rather he wants every industry to be at its helm under his government.  

Is Crypto Winning?  

Investors around the world are hopeful that the president’s entry could mean a more significant new era for the whole crypto market. Bitcoin was rallying somewhere near $70,000. However, the current price resistance is $97,000, a significant feat that the President can surely boast of.  

Major Changes 

With Trump’s entry, the formers in the SEC like Gary Gensler and other leaders with a likely anti-crypto stance have resigned. Now, Paul Atkins is the new SEC head. Meanwhile, David Sacks is the guiding spirit for the SEC on all crypto affairs.  

What’s most important is that President Trump is trying to generate a macro-level crypto asset. In addition, he has consent from 16 states to go forward with the plan. If the plan passes, the pool can hold $23 billion worth of crypto in a centralized platform.