Are Digital Assets Losing Priority- Donald Trump Cancelled Crypto Council for Bank Summits!

The self-proclaimed crypto president compromising a crucial Crypto council. As odd as it may sound, it is a reality that has happened. Donald Trump delayed the council to attend a series of nonimportant summits and meet some industrial leaders.  

The news of the delay was reported on 13th January. The council was supposed to discuss policy matters and ways to reduce internal challenges across the cryptocurrency and other digital assets industries.  

The real scenario  

An Unchained News suggests that there are three summits lined up. The first would be based on policy matters in banking and transactions. The second would be based on data centers, and the last on Bitcoin mining.  

However, sources say that the Crypto Council is not going to happen anytime soon. Rather, President Trump is planning to persuade some of the Crypto market leaders to take part in the same summit and discuss financial strategy issues related to Crypto. 

The debate among experts  

Experts say that the summits can incorporate potential issues that were going to be discussed in the Crypto Council. Perhaps that is the reason why Donald Trump wants the Crypto leaders to take part in the meetings.  

However, another section of experts considers that the Crypto market is currently bearish. In the meantime, there should be a lot of follow-up discussions and debates in any Crypto council. According to them, President Trump should have known that.  

Why this ad hoc meeting  

The three consecutive summits are also significant and contextual to the issues that the financial sector faces today. There are a lot of power struggle issues within the financial system. The same exists within the cryptocurrency transaction ecosystem.  

The major market players try to dominate the small meme coins and altcoins. At the same time, the majority of the sides, like hardcore Bitcoin traders, DEFi, and others, might have variable visions that require integration.  

The crypto council was not going to have a general meeting. In December, President Donald Trump used the Truth Social platform to let us know the fact that he wants the most important crypto coins to be traded every day as a part of the digital assets’ strategy.  

The source that broke out the news also says that the summits are going to be the easiest way to get feedback from the experts in the financial field. However, there won’t be any critical brainstorming to discuss unnamed matters at hand in the digital assets field. 

Andrew Parish, x3 founder, broke out biased news in the middle of this controversy. According to him, Ripple’s outreach attempts might compel Donald Trump to stall the developers from becoming a federal-level reserve. That’s why the recent council had to be dissolved.