Trump's Promise on Cryptocurrency: A New Period for Digital Money in America.
Reading
President Trump wants the US to be a leader in cryptocurrencies. He said this at a meeting at the White House about crypto.
Trump used to be against crypto but now supports it. He says he wants to help the industry with new rules.
Trump signed an order to create a 'Strategic Bitcoin Reserve'. This means the US government won't sell its bitcoin, which is worth a lot of money.
The order also creates a 'Digital Asset Stockpile' for other cryptocurrencies. Trump surprised people by saying he wants the government to hold some less famous cryptocurrencies.
Some people criticized Trump for supporting his own crypto projects. But his team says those projects are separate from his plans to make the US a leader in crypto.
Questions
What does President Trump want for the US regarding cryptocurrencies?
He wants the US to be a leader in cryptocurrencies.
What did Trump sign to help with cryptocurrencies?
He signed an order to create a 'Strategic Bitcoin Reserve'.
Why do some people criticize Trump?
They criticize him for supporting his own crypto projects.
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