Bitcoin takes back seat as Trump, Bukele focus on trade and immigration

From Cointelegraph
April 14, 2025 6:12:00 pm:

US President Donald Trump hosted El Salvador’s President Nayib Bukele at the White House, discussing trade and immigration but excluding Bitcoin. Trump proposed transferring US convicts to El Salvador to relieve overcrowding. The US has deported foreign criminals to El Salvador under a $6 million deal. Trump hinted at potential exemptions for automakers in the trade war. El Salvador adopted Bitcoin as legal tender, mirroring Trump’s Bitcoin strategic reserve approach. The US holds nearly 198,000 BTC valued at over $17 billion. IMF opposes El Salvador’s BTC plans, urging the unwinding of Bitcoin initiatives. El Salvador amended its Bitcoin laws to comply with an IMF deal but continues to purchase BTC daily. The country currently holds 6,147.18 BTC worth about $520.7 million. Tether plans to relocate its headquarters to El Salvador.

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