Bitso meets Trump’s government, what does the Mexican cryptocurrency exchangese look for?

Bitso representatives, cryptocurrency exchange in Latin America, met with Donald Trump’s government authorities in Washington DC to discuss key issues for the ecosystem and platform.

Daniel Vogel, CEO of the Mexican Exchange, said he completed a high -level meeting with key advisors of the Trump government, marking a decisive step for Introduce Latin American cryptoactive platform into the US market.

This in the midst of its intention for expansion and the objective of the government to position itself as the global capital of the cryptocurrency industry. Vogel added that Bitso’s representation was received by Patrick Witt, part of the Presidential Council for Digital Assets.

He said that, during the meeting, one of the most important topics of the conversation revolved around the Genius Law, an initiative to regulate Stablcoins, generate confidence and accelerate industry’s growth.

For Vogel, the United States message is clear: the North American country wants to attract companies such as Bitso to invest and regulate, creating confidence for the massive adoption of its technology.

He stressed that the strategy with Stablecoins aims to solve a substantive problem such as the cost and slow transfers of money. The Bitso CEO explained that stable currencies can revolutionize finance by reducing remittance costs, expediting payments and protecting savings.

The final goal is to transform the system to send money is as simple “as a WhatsApp message,” he said. Vogel also stressed the benefits that Stablecoins grant users, as less friction in global trade, greater financial inclusion and stability.

According to the businessman, “what is happening in the US is historical.” “The country wants to be a crypto leader,” said clarifying that Bitso wants to be part of that story. “The future is being written now, and we are building it together,” he said.

The encounter crystallized a “mutual enthusiasm,” Vogel declared. He indicated that both on the side of the White House and Bitso there was total interest in opening the door so that the Latin American cryptocurrency company has a presence in the United States.

The meeting arose in the middle of A critical panorama in which remittances to Mexico are decreasingaffecting communities that depend on that money. The fall of shipments, which in June decreased by 16.2% according to the Bank of Mexico, has made it difficult for families to cover basic expenses such as medical treatments.

The decline is attributed to the migratory policies of the Trump administration, which generate fear and deportations, leading undocumented migrants to work less or save by caution.

It is also attributed to a demographic trend where the Mexican population in the US has decreased in the last 15 years, weakening ties with their places of origin. Paradoxically, this economic contraction could promote more migration to the north, according to experts.

In this scenario, The entry of exchanges as a bitso to the country could become a possible solution to this crisis. One in which other actors join, as did the Neobanco Sofi Technologies.

As Cryptonotics reported, Sofi Technologies announced this week his decision to revolutionize remittances with an alliance with the LighttsPark infrastructure firm. Together, they will implement a service that makes Bitcoin dollars to accelerate money transfers from the United States to Mexico, promising lower costs and an almost instantaneous speed through the light network.