Key Takeaways
- Justin Solar expects China to undertake extra aggressive Bitcoin insurance policies.
- The US authorities presently holds over $14 billion price of Bitcoin, making it the most important nationwide holder of Bitcoin globally.
Share this text
Founding father of the Tron blockchain Justin Solar has known as on China to reform its method to Bitcoin coverage, particularly when the US has shifted towards extra favorable Bitcoin insurance policies since former President Donald Trump publicly expressed his assist for Bitcoin (BTC) and the crypto sector.
Solar believes if China additionally enhances its Bitcoin insurance policies, the ensuing competitors between China and the US in creating and implementing Bitcoin insurance policies might propel your complete trade ahead.
“China additionally must step up. Since President Trump pushed for Bitcoin, US insurance policies have warmed. China ought to make additional progress on this space. Competitors between China and the US in Bitcoin coverage will profit your complete trade,” mentioned Solar in a current submit on X.
Solar’s assertion follows Trump’s current keynote speech on the Bitcoin 2024 convention in Nashville, the place the Republican candidate promised to dismiss SEC Chair Gary Gensler and set up a strategic Bitcoin reserve if elected.
Each China and the US maintain giant quantities of Bitcoin, with mixed holdings of 400,000 BTC, information from BitcoinTreasuries.web and Arkham Intelligence exhibits. The US authorities presently holds over 213,000 BTC, valued at round $14.8 billion.
Even so, their regulatory paths differ, with the US reevaluating its stance below Trump’s affect, and China sustaining strict crypto restrictions since 2017.
Share this text
