{"id":127169,"date":"2025-04-14T22:21:52","date_gmt":"2025-04-14T22:21:52","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127169"},"modified":"2025-04-14T22:21:52","modified_gmt":"2025-04-14T22:21:52","slug":"bitcoin-takes-back-seat-as-trump-bukele-focus-on-trade-and-immigration","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127169","title":{"rendered":"Bitcoin takes back seat as Trump, Bukele focus on trade and immigration"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsUS President Donald Trump hosted El Salvador\u2019s President Nayib Bukele at the White House on April 14, with talks centered on trade and immigration, excluding Bitcoin from the public agenda.<br \/>\nPressing issues of migration and bilateral security cooperation set the tone of Bukele&#8217;s first official meeting at the White House during Trump&#8217;s second term.\u00a0<br \/>\nAccording to a livestream shared by Bukele\u2019s office on X, President Trump raised the possibility of transferring US citizens convicted of crimes to prisons in El Salvador, urging Bukele to expand the country\u2019s prison system to house more prisoners. \u201cI said homegrowns are next, the homegrowns. You gotta build about five more places.\u201d\u00a0<br \/>\nSource: Nayib BukeleSince taking office, the Trump administration has deported hundreds of alleged foreign criminal individuals to El Salvador under a $6 million deal between the countries.\u00a0<br \/>\nPresident Trump also addressed the ongoing trade war unleashed by his administration on April 2, suggesting a potential temporary exemption for automakers aimed at easing the transition of their supply chains.<br \/>\n\u201cI\u2019m looking at something to help some of the car companies with it,\u201d Trump told reporters present at the meeting, adding that the US auto industry \u201cneed[s] a little bit of time\u201d to relocate production to the country.\u00a0<br \/>\nThe meeting did not touch on digital assets and Bitcoin (BTC) policy \u2014 a flagship initiative of both presidents\u2019 administrations.\u00a0<br \/>\nEl Salvador adopted Bitcoin as legal tender in 2021, pioneering the Bitcoin strategic reserve approach later followed by Trump.<br \/>\nThe US President positioned himself as a pro-crypto candidate during the 2024 election. On March 6, Trump signed an executive order to create a Bitcoin strategic reserve and digital asset stockpile in the United States.<br \/>\nThe US holds nearly 198,000 BTC, valued at over $17 billion as of March. The reserve is primarily formed of Bitcoin seized in criminal and civil cases, including significant amounts from the Silk Road and Bitfinex hack cases.<br \/>\nRelated: How much Bitcoin does the US hold, and where did it come from?<br \/>\nEl Salvador&#8217;s BTC plans face IMF opposition<br \/>\nEl Salvador signed off in December a $1.4 billion loan agreement with the International Monetary Fund (IMF), which included commitments to unwind Bitcoin-related initiatives and reduce public sector involvement with digital assets.<br \/>\nWhile the Salvadoran Congress amended its Bitcoin laws in January to comply with the deal, the government has continued its daily purchases of BTC. The country\u2019s National Bitcoin Office\u2019s tracker shows it currently holds 6,147.18 BTC, worth about $520.7 million at this writing.\u00a0<br \/>\nRelated:\u00a0Tether will relocate HQ to El Salvador after securing license<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-takes-back-seat-trump-bukele-trade-immigration?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsUS President Donald Trump hosted El Salvador\u2019s President Nayib Bukele at the White House on April 14, with talks centered on trade and immigration, excluding Bitcoin from the&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127169"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127169"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127169\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127169"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}