US President Donald Trump met with El Salvadorian President Nayib Bukele at the White House, on 14 April. The talks focused on immigration and trade while excluding Bitcoin.
Bukele’s first meeting with Trump during his second term was marked by the pressing issue of immigration and bilateral security co-operation.
Livestreams can be used to determine the truth of a situation shared Bukele’s Office on X reported that Trump had raised the issue of transferring US Citizens convicted of crime to El Salvadorian prisons. He also urged Bukele, to increase the prison population in the country. “I said homegrowns are next, the homegrowns. You gotta build about five more places.”
Source: Nayib Bukele
The Trump administration deported thousands of suspected foreign criminals to El Salvador since taking office. a $6 million deal Between the countries
Trump has also commented on the trade war that his administration started in April, suggesting an exemption temporary for automakers to ease their transition.
“I’m looking at something to help some of the car companies with it,” Trump added to the reporters who were present during the meeting. “need[s] a little bit of time” Relocation of production in the country.
Digital assets, Bitcoin and other digital currencies were not discussed.BTC) policy — a flagship initiative of both presidents’ administrations.
El Salvador became the pioneer of Bitcoin’s strategic reserve in 2021. Trump followed suit.
The US President positioned himself to be a crypto candidate in the election of 2024. Trump announced his decision on March 6. signed an executive order Create a Bitcoin Strategic Reserve and Digital Asset Stockpile within the United States.
The US holds nearly 198,000 BTC. This reserve was valued at more than $17 billion in March. Bitcoin seized from criminal and civil proceedings, as well as significant amounts from Silk Road hacking and Bitfinex cases are the main components of this reserve.
What is the US Bitcoin holdings and from where does it originate?
El Salvador’s BTC plan faces IMF opposition
El Salvador approved in December an agreement for a loan of $1.4 billion with the International Monetary Fund. The deal included commitments. to unwind Bitcoin-related initiatives Digital assets can be used to reduce the involvement of public sectors in managing digital assets.
As the Salvadoran Congress amended its Bitcoin laws in January To comply with the agreement, the government continued to buy BTC daily. The National Bitcoin Office tracker shows Currently, it holds 6147.18 BTC which is worth approximately $520.7 millions at the moment.
Related: Tether will relocate HQ to El Salvador after securing license
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Source: cointelegraph.com
