More than two dozen powerful figures in the U.S. cryptocurrency industry gathered at the White House for a first-of-its-kind “crypto summit” with President Trump. The meeting marked a significant shift in federal policy towards crypto, with the Securities and Exchange Commission reversing aggressive actions against the industry. The event illustrated Trump’s personal investment in the sector, with guests including individuals linked to a crypto business he promoted last year. Trump’s embrace of digital currencies on the campaign trail has led to the creation of a national reserve of Bitcoin and other cryptocurrencies, aimed at boosting the industry and chipping away at the national debt. Critics have raised concerns about the plan, while Trump has positioned the U.S. as a Bitcoin superpower. The meeting was described as cordial, with executives discussing crypto policy and brainstorming potential strategies. Trump hailed the summit as a turning point for the industry, highlighting his commitment to making America the crypto capital of the world. The event showcased a collaborative approach between the administration and some of the most influential figures in the U.S. crypto industry, emphasizing a new era of cooperation and support for digital currencies.
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