Donald Trump, the President of the United States, hosted the first crypto summit at the White House on Friday with top industry executives and government officials in attendance. Trump reiterated his commitment, announced in an executive order on Thursday, to create a strategic reserve of Bitcoin (BTC) and emphasized not selling America’s Bitcoins. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick were tasked with finding ways to increase Bitcoin reserves without imposing additional costs on taxpayers. Additionally, a ‘digital asset reserve’ for altcoins will be established. The Treasury Secretary stated that all previous guidelines related to taxation and risk classification of digital currencies will be revoked, and dollar-pegged stablecoins will be supported to maintain the dollar’s global dominance. Industry executives welcomed Trump’s positive stance on this sector. Sergey Narzarov from Chainlink (LINK) stated, ‘This policy will help maintain America’s leadership in the global financial system.’ Other attendees included Brad Garlinghouse, CEO of Ripple (XRP), Brian Armstrong, CEO of Coinbase, Cameron and Tyler Winklevoss, founders of Gemini, and Michael Saylor, Chief Strategy Officer. The majority of the session was not broadcast publicly, but David Sachs announced that this small and targeted meeting was designed to have meaningful discussions. On the Crypto Prices page, you can view the live and real-time prices of all tokens and cryptocurrencies.
