About two dozen crypto-industry bosses will visit the White House Friday for a big meeting. President Donald Trump already prepared something special for them. He signed an order Thursday night to create a Strategic Bitcoin Reserve and another pile of digital money. Trump's helpers, David Sacks and Margo Martin shared this news on X.
The order allows money departments to find ways to buy more Bitcoin without spending extra tax dollars. The government won't purchase additional crypto beyond what they grab through legal cases for the other digital money pile. This shows a complete switch from what President Biden did before. Biden's team went hard against crypto after the FTX company crashed.
Big names like Coinbase boss Brian Armstrong, Bitcoin fan Michael Saylor, and Robinhood's Vlad Tenev will show up at 1:30 p.m. Friday. They'll join what they're calling the White House Digital Assets Summit. Trump himself asked these business leaders to come, based on an invite Bloomberg News reporters saw.
People who support crypto see this meeting as a huge change in how politicians treat digital money. JP Richardson runs a company called Exodus Movement and plans to attend. He says this marks a fresh start for everyone. He talked about how different things were back in 2022 when the last president acted meanly toward their business.
The meeting happened right after Trump wrote on Truth Social that America would add three less famous digital coins to his planned money reserve. This news made crypto prices jump up fast but briefly. Some people asked why Trump picked those specific coins - SOL, XRP, and ADA. David Sacks will attend along with Bo Hines, who leads the President's group of Digital Money Advisers.
Trump used to dislike crypto during his first time as president, but he changed his mind during his latest campaign. First, he agreed to try NFTs; then, he talked with crypto exchanges and Bitcoin miners. These chats brought lots of money from crypto companies. Big businesses like Coinbase and Ripple gave tons of cash during recent elections and also donated to Trump's celebration parties.
Trump first discussed keeping Bitcoin a national treasure during a crypto meeting in Nashville last July. At the same time, he promised to remove Gary Gensler from the SEC on his first day in office. Crypto people cheered super loud when he said that. Gensler quit his job this January when presidents switched.
Just after starting his second run as president, Trump signed his first crypto order. That paper asked experts to check if making a digital money pile made sense but didn't focus just on Bitcoin. Christopher Giancarlo, who ran a money rules agency during Trump's first term, thinks this meeting proves Trump keeps his Nashville promises.
Since Trump came back, the SEC dropped or stopped court fights against at least ten crypto companies, including famous ones like Coinbase, Robinhood, Uniswap Labs, and OpenSea. This shows another big change in how the government treats crypto businesses under the new president.
The order allows money departments to find ways to buy more Bitcoin without spending extra tax dollars. The government won't purchase additional crypto beyond what they grab through legal cases for the other digital money pile. This shows a complete switch from what President Biden did before. Biden's team went hard against crypto after the FTX company crashed.
Big names like Coinbase boss Brian Armstrong, Bitcoin fan Michael Saylor, and Robinhood's Vlad Tenev will show up at 1:30 p.m. Friday. They'll join what they're calling the White House Digital Assets Summit. Trump himself asked these business leaders to come, based on an invite Bloomberg News reporters saw.
People who support crypto see this meeting as a huge change in how politicians treat digital money. JP Richardson runs a company called Exodus Movement and plans to attend. He says this marks a fresh start for everyone. He talked about how different things were back in 2022 when the last president acted meanly toward their business.
The meeting happened right after Trump wrote on Truth Social that America would add three less famous digital coins to his planned money reserve. This news made crypto prices jump up fast but briefly. Some people asked why Trump picked those specific coins - SOL, XRP, and ADA. David Sacks will attend along with Bo Hines, who leads the President's group of Digital Money Advisers.
Trump used to dislike crypto during his first time as president, but he changed his mind during his latest campaign. First, he agreed to try NFTs; then, he talked with crypto exchanges and Bitcoin miners. These chats brought lots of money from crypto companies. Big businesses like Coinbase and Ripple gave tons of cash during recent elections and also donated to Trump's celebration parties.
Trump first discussed keeping Bitcoin a national treasure during a crypto meeting in Nashville last July. At the same time, he promised to remove Gary Gensler from the SEC on his first day in office. Crypto people cheered super loud when he said that. Gensler quit his job this January when presidents switched.
Just after starting his second run as president, Trump signed his first crypto order. That paper asked experts to check if making a digital money pile made sense but didn't focus just on Bitcoin. Christopher Giancarlo, who ran a money rules agency during Trump's first term, thinks this meeting proves Trump keeps his Nashville promises.
Since Trump came back, the SEC dropped or stopped court fights against at least ten crypto companies, including famous ones like Coinbase, Robinhood, Uniswap Labs, and OpenSea. This shows another big change in how the government treats crypto businesses under the new president.
