Trump to Host Historic Crypto Summit in the White House
Trump's hosting the first-ever White House crypto summit with industry leaders. Will this bold move make the US the crypto capital of the world? Find out more.
There has been unpredictability in the crypto market for the last few months. However, this market may soon boom. US President Donald Trump has announced the creation of a reserve of cryptocurrencies. The US government led by Trump is also organizing the first crypto summit on March 7.
Crypto Czar David Sacks, appointed by Trump, said in a post on the social media platform X that the summit will include founders, CEOs and investors associated with the crypto segment. However, information about the agenda of this crypto summit is not available. Some high-profile people associated with the crypto business have confirmed their participation in it. These include Sergey Nazarov, co-founder of blockchain network Chainlink. Apart from this, Michael Saylor, founder of MicroStrategy, the software company with the largest holding of Bitcoin, and Matt Huang, co-founder of Paradigm, will also be present at this summit.
Trump announced a strategic reserve of cryptocurrencies
Recently, Trump had announced the creation of a strategic reserve of cryptocurrencies. It will include cryptocurrencies like Bitcoin, Ether, Solana and XRP. Trump had given information about creating a reserve of cryptocurrencies in a post on the social media platform TruthSocial. Its purpose is to promote the crypto market. Earlier, Trump had signed an executive order related to digital assets. In this post, Trump said, “America’s crypto reserve will give a boost to this segment after years of corrupt attacks by the previous Biden government.” Along with this, Trump has also reiterated his plan to make America the crypto capital of the world. He said, “I will ensure that America is made the crypto capital of the world.”
Along with this, Trump also reiterated his support for two major cryptocurrencies Bitcoin and Ether. He said that both these cryptocurrencies will definitely be a major part of this reserve. After this announcement by Trump, there was a recovery in the crypto market. Recently, the new US government led by Trump decided to prepare a regulatory framework for the crypto segment. During his election campaign, Trump had indicated to create a reserve of Bitcoin and a policy in favor of crypto.
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