Stuart discusses President Trump’s plans to create a cryptocurrency reserve in the U.S. with Brock Pierce, the Chair of the Bitcoin Foundation. Some people are skeptical about the idea of adding multiple cryptocurrencies to the reserve, while others believe it could be a game-changer. Pierce explains that Bitcoin is generally seen as digital gold and is the most obvious choice to sit on the U.S. government’s balance sheet. They also touch on the Senate voting to repeal a Biden-era rule that required some cryptocurrency platforms to report customer transactions to the IRS. Pierce supports this decision, as he believes the IRS was becoming too intrusive. They also mention an upcoming crypto summit at the White House and express interest in what will be discussed. Overall, Pierce is optimistic about the future of cryptocurrency and its potential impact on government policies.
