President Donald Trump’s attendance at the White House Crypto Summit signals that the crypto industry now has a direct line of communication with US policymakers|@WhiteHouse|X
President Donald Trump reaffirmed his commitment to positioning the US as a global leader in digital assets during the recent White House Crypto Summit. His presence signaled that the crypto industry now has a direct channel to US policymakers.
Attendees included MicroStrategy CEO Michael Saylor, Coinbase CEO Brian Armstrong, investors Cameron and Tyler Winklevoss, and entrepreneur David Bailey. They praised Trump for reversing what they viewed as unfair treatment under the Biden administration.
The Trump administration has taken significant steps to support crypto, such as halting SEC enforcement actions against major firms.
A day before the summit, the president signed an executive order establishing a strategic bitcoin reserve and a digital asset stockpile. The move prevents the sale of America’s $17 billion in seized bitcoin and allows for further acquisitions.
Trump’s crypto push has boosted token values in recent weeks, though some worry about potential favoritism, especially after he name-dropped bitcoin, ether, XRP and Solana and Cardano’s tokens.
AI and cryptocurrency czar David Sachs urged caution, warning investors about crypto volatility. Meanwhile, Trump’s personal ventures, including the $TRUMP meme coin, have faced criticism for potential conflicts of interest.