Trump Hosts Major Crypto Summit, Plans U.S. Strategic Reserve

At the first-ever White House Crypto Summit, President Donald Trump emphasized his administration's commitment to establishing the U.S. as a leader in cryptocurrency. He signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, which allows the government to hold seized cryptocurrencies without taxpayer costs. Industry leaders, including Coinbase CEO Brian Armstrong and MicroStrategy founder Michael Saylor, attended the summit, expressing optimism about regulatory changes following years of tighter restrictions under the previous administration. Critics, however, remain skeptical about the effectiveness of Trump's plans and their potential impact on market stability. The summit aimed to address regulatory clarity and strategic financing for digital assets while highlighting the administration's pro-crypto stance amidst ongoing debates about consumer protections and industry oversight. Overall, Trump's initiatives signal a significant shift in U.S. cryptocurrency policy, aiming to encourage innovation and investment in the sector.