US President Donald Trump hosted Al Salvador President Naib Bowkele at the White House on 14 April, with public agenda, except for bitcoins, focused on trade and immigration.
The first official meeting of the first official meeting of the White House was determined during Trump’s second term by suppressing the issues of migration and bilateral security cooperation.
According to a livestream shared by the Office of Boukele on X, Trump extended the possibility of transferring American citizens guilty of crimes in jails in Al Salvador, urging the bouquet to expand the country’s jail system and for more prisoners. “I said that homegron is next, homegrones. You will build about five more places.”
Source: Nayib Bukele
Since assuming office, the Trump administration has deported hundreds of alleged foreign criminals to Al Salvador under a $ 6 million deal among countries.
Trump also addressed the ongoing trade war by his administration on 2 April, suggesting a possible temporary discount to vehicle manufacturers with the aim of reducing their supply chain infection.
“I am watching something to help some car companies,” Trump told reporters present at the meeting.[s] A little time to move production in the country “.
The meeting did not touch digital assets and bitcoin (BTC) policy – a major initiative of administration of both presidents.
Al Salvador adopted bitcoin as a legal tender in 2021, furthering the bitcoin strategic reserve approach, followed by Trump.
The US President posted himself as a Pro-Crypto candidate during the 2024 election. On 6 March, Trump signed an executive order to create a bitcoin strategic reserve and digital asset stockpile in the United States.
The US has around 198,000 BTCs, which cost more than $ 17 billion as of March. The reserve is mainly made up of bitcoins seized in criminal and civil affairs, including significant amounts from silk road and bitfinex hack cases.
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IMF opposition to BTC schemes of Al Salvador
Al Salvador signed a $ 1.4 billion loan agreement with the International Monetary Fund (IMF) in December, including commitments to open bitcoin -related initiatives and to reduce public sector participation with digital assets.
While the Salvadoran Congress amended its bitcoin laws in January to follow the deal, the government has continued its daily purchase of BTC. The tracker of the country’s national bitcoin office suggests that currently this writing has a 6,147.18 BTC worth about 520.7 million dollars.
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