India, March 8 -- US President Donald Trump said his government is working to end the "war on cryptocurrency". He was addressing the Crypto Summit at the White House when he criticised former US President Joe Biden's stance towards cryptocurrency.

"My administration is working to end the federal bureaucracies' war on crypto, which was really going pretty wildly during Biden until the election came about," Trump said.

He added that Biden's stance on crypto changed five months before the elections, when he "became a big fan because he heard how many people love it and respect it". "But I guess it did not work out for him," he said further.

He called Biden administration's decision to sell bitcoins "foolish".

Speaking about the executive...