We're trying to put an end to the crypto war that was raging under Joe Biden: Donald Trump

According to US President Donald Trump, his administration is trying to put a stop to the "war on cryptocurrency." He criticized former US President Joe Biden's position on cryptocurrencies while speaking at the White House's Crypto Summit. Trump stated that his administration is trying to put an end to the federal bureaucrats' war on cryptocurrency, which was going quite haywire under Biden before the election.

Five months before to the elections, he said, Biden's position on cryptocurrency shifted, and he "became a big fan because he heard how many people love it and respect it." He said, "But I suppose it did not work out for him."

He referred to the Biden administration's move to sell bitcoins as "foolish." Trump claimed that the federal government is the "largest" bitcoin holder in the United States, referring to the executive order he signed to establish a "Strategic Bitcoin Reserve" using the cryptocurrency owned by the Treasury Department.