US President Donald Trump is set to host a cryptocurrency summit at the White House on Friday, bringing together executives from top crypto companies such as Coinbase and Robinhood.
The event aims to provide insight into the administration’s agenda on digital assets. Trump plans to speak at the summit and has expressed interest in launching a strategic cryptocurrency reserve that would hold bitcoin and four other tokens.
The US president last weekend stated his vision for creating a “Crypto Capital of the World”, with such a reserve elevating the critical industry. This announcement follows the surge in bitcoin prices after his 2024 election victory, which rose from below $70,000 to over $109,000 before cooling down recently.
Trump’s administration has shown a pro-crypto stance, appointing crypto-friendly figures and participating in the business. The president-elect also launched meme coins with his wife Melania Trump shortly before taking office.
Source: https://www.investopedia.com/trump-to-hold-crypto-summit-friday-what-you-need-to-know-11692575