U.S. President Donald Trump hosted a high-profile “crypto summit” at the White House on Friday. Addressing key industry leaders, Trump reaffirmed his commitment to making the United States a dominant force in the digital asset market.
“I promised to make America the bitcoin superpower of the world and the crypto capital of the planet, and we are taking historic action to fulfill that pledge,” Trump said.
The event, attended by executives from top cryptocurrency firms, government officials, and lawmakers, underscored the administration’s shift toward pro-crypto policies.
Commitment to Making the U.S. a Crypto Superpower
A key highlight of the summit was Trump’s announcement of a newly established Strategic Bitcoin Reserve, a move he said aligns with the principle followed by many crypto advocates:
“Never sell your Bitcoin.”
The initiative effectively prevents the U.S. government from liquidating its bitcoin holdings, which are estimated to be worth around $17 billion. The reserve consists of digital assets obtained through criminal and civil asset forfeitures.
Pledge to End Regulatory Pressure on Crypto
Trump also criticized the previous administration’s handling of cryptocurrency assets, alleging that the Biden administration had sold off large amounts of Bitcoin, calling it a “foolish decision.” He accused federal agencies of waging a regulatory battle against the crypto industry, which he vowed to end.
“My administration is working to stop the federal bureaucracy’s war on crypto,” Trump stated.
The US president claimed that Biden’s stance on cryptocurrency had softened only in the months leading up to the election. The summit marked a significant moment for the crypto sector, signaling a policy shift favoring digital currencies.
Trump said he had directed the Treasury and Commerce Departments to explore new ways of accumulating Bitcoin without placing additional burdens on taxpayers.
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