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WASHINGTON, D.C. — In a historic first, President Donald Trump assured the crypto industry of strong support during a White House summit, signaling a shift in Washington’s stance on digital assets. Addressing industry leaders, Trump vowed to end regulatory hostility and back legislative efforts to bring stability to the crypto market.
“I know many of you have fought for years for this moment,” Trump said, pledging to dismantle “Operation Chokepoint 2.0,” which he claimed unfairly targeted crypto businesses by restricting banking access.
Trump also voiced support for stablecoin regulation, stating, “Providing regulatory clarity for dollar-backed stablecoins and digital assets will drive economic growth and innovation.” He urged Congress to pass stablecoin legislation before the August recess.
Highlighting the government's massive Bitcoin holdings, Trump announced his executive order to establish a Bitcoin reserve. “The U.S. is one of the largest Bitcoin holders, with around 200,000 BTC acquired through enforcement actions. These holdings will form the foundation of our new reserve,” he said. He criticized past government sales of seized Bitcoin, declaring, “From today, America will follow the golden rule every Bitcoiner knows—never sell your Bitcoin.”
The summit brought together key figures from the crypto space, including executives from Coinbase, Ripple, Kraken, Gemini, Chainlink, and Robinhood. Tyler and Cameron Winklevoss, as well as Chainlink co-founder Sergey Nazarov, were among those who spoke at the event.
A senior White House official clarified that the government’s Bitcoin holdings would be audited, while non-Bitcoin crypto assets seized would remain separate. Trump’s administration aims to position the U.S. as a crypto-friendly nation, contrasting with the previous administration’s policies.
The event marks a pivotal moment for the industry, reinforcing its growing influence in Washington and setting the stage for future regulatory clarity.
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