BREAKING: White House’s 1st Crypto Summit

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President Trump just hosted the White House’s 1st crypto summit.

He’s launching a “Strategic Bitcoin Reserve” filled with seized coins.

The message?

Stablecoins will keep our dollar strong, and Trump’s making sure crypto stays as American.

Critics, though, can’t resist pointing out he’s got skin in the crypto game himself.

Are they just jealous or just mad at anything Trump does?

Autism Capital writes:

NEW: David Sacks’ heartfelt speech at the White House Crypto Summit

“Your leader, vision, and generosity is the reason we’re all here. Your love of innovators and high IQ people is why we’re here. You love legal fairness and nobody knows what lawfare feels like better than you do. You will fight and never back down, even in the face of an assassin’s bullet. It’s an inspiration to everyone in this room.

It’s an honor to work for you and work for a President who works every day to get so much done for the American people.

Your administration is moving at tech speed. I love working for you.”

AP News reports:

President Donald Trump said Friday he’s committed to making the U.S. a world leader in cryptocurrencies as industry leaders heaped praise on him for reversing what they said had been unfair attacks on digital assets by the previous administration.

“I thought it was very important that we stay in the front of this one,” Trump said at the first-ever White House “Crypto Summit.”

A former crypto-skeptic, Trump has warmly embraced an industry that’s shown him significant love in return and spent heavily to help him win last year’s election.

“It’s truly wonderful to see how things have changed and how the pendulum has swung back,” Cameron Winklevoss, the co-founder of the crypto exchange Gemini, told Trump.

The summit included crypto company executives, cabinet officials and lawmakers, many of whom took turns raving about Trump’s leadership on digital assets. The emboldened industry said it was unfairly treated by the Biden administration and helped Trump and other Republicans score wins in the last election.

Trump reiterated his eagerness to help the crypto industry with friendly legislation and light-touch regulations.

Friday’s summit was the latest in a series of actions the new Trump administration has taken to try and boost the crypto industry. Notably, that’s included the Securities and Exchange Commission dropping several enforcement actions against large crypto companies, including those whose leaders were at Friday’s summit.

It will be interesting to see where Trump takes the digital currency in the coming months.



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