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#BTC #whitehousecryprosummit #USCryptoReseve Bitcoin price extends its decline on Friday, falling over 5% so far this week. BTC uncertainty and volatility spikes liquidated $1.67 billion as the first-ever White House Crypto Summit takes place on Friday.

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🔥 Stablecoins: The Dollar's New Weapon? 🇺🇸💰

Donald Trump said on #whitehousecryprosummit that he wants legislation on stablecoins by August. Coincidence? Not at all. The US knows that without a digital version of the dollar, the currency's hegemony could collapse.

Stablecoins are the bridge between the old and new financial systems. They reduce volatility, speed up transactions and keep the dollar relevant in the crypto era.

Treasury Secretary Scott Bessent has already warned: either the dollar adapts or it will lose ground. The race is on.

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Here’s a refined and well-structured version of the article:

Trump Hosts White House Crypto Summit, Advocates Holding Bitcoin Reserves

March 7, 2025 (Reuters) – U.S. President Donald Trump welcomed top cryptocurrency industry leaders to the White House for a groundbreaking summit focused on digital assets and their role in the U.S. economy.

Trump’s Vision for Crypto Reserves

During the event, Trump emphasized the importance of holding onto government-seized crypto assets, particularly Bitcoin, rather than selling them. He stated,
"From this day on, America will follow the rule that every Bitcoin investor knows well—never sell your Bitcoin. Who knows if that's right or not? But so far, it’s worked, so let’s keep it that way."

An executive order signed by Trump formalized this stance, ensuring that the government’s Bitcoin holdings remain untouched.

Industry Leaders and Key Discussions

The summit featured prominent figures, including:

Michael Saylor (MicroStrategy CEO)

Brian Armstrong (Coinbase Co-Founder & CEO)

Brad Garlinghouse (Ripple CEO)

Cameron & Tyler Winklevoss (Investors)

David Bailey (Entrepreneur)

Zach Witkoff (Co-Founder of World Liberty Financial, a crypto business associated with Trump)

Treasury Secretary Scott Bessent assured attendees that while crypto plays a growing role, the U.S. will maintain the dollar as the world’s reserve currency, using stablecoins as a bridge between traditional and digital finance.

XRP and the Future of U.S. Crypto Reserves

Ripple CEO Brad Garlinghouse praised Trump’s recognition of digital assets beyond Bitcoin. Trump suggested that XRP and four other cryptocurrencies might be included in a future strategic crypto reserve.

However, JP Richardson, CEO of Exodus, voiced concerns, stating,
"Crypto has made big strides, but it’s still a relatively nascent industry. Other coins function differently and could introduce risks."

The Path Forward

Industry leaders left the summit optimistic about a regulatory framework that treats crypto as a mainstream asset class

#whitehousecryprosummit #USCryptoReseve Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project.

$BTC #whitehousecryprosummit #USCryprofleserve (BTC) is a decentralized digital currency, enabling peer-to-peer transactions globally. #Bitcoin #BTC #cryptocurrency #blockchain #DigitalCurrency #decentralization

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BTC, or Bitcoin, is a decentralized digital currency that enables peer-to-peer transactions. #Bitcoin #Crypto #Blockchain #BTC #Cryptocurrenc #decentralized #Finance

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#whitehousecryprosummit #USCryptoReseve Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can

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BTC (Bitcoin) is a decentralized digital currency that operates without a central authority, such as a bank or government. It was created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto.

Key Features of BTC:

Decentralized – No single entity controls Bitcoin; it runs on a peer-to-peer network.

Blockchain Technology – Transactions are recorded on a public ledger called the blockchain, ensuring transparency and security.

Limited Supply – Only 21 million BTC will ever exist, making it a scarce asset.

Mining – New Bitcoins are created through a process called mining, where powerful computers solve complex mathematical problems.

Digital & Borderless – Can be sent and received globally without intermediaries.

Store of Value – Often referred to as "digital gold" due to its potential as an investment and hedge against inflation.

How is BTC Used?

Payments – Some businesses accept Bitcoin as a form of payment.

Investment – Many people buy and hold BTC as a long-term asset.

Remittances – Can be used to send money across borders with lower fees.

Smart Contracts & DeFi – Although Ethereum is more common for decentralized finance (DeFi), Bitcoin is also being used in smart contracts through second-layer solutions like Lightning Network.

Would you like to know how to buy, store, or invest in Bitcoin?

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First-Ever White House Crypto Summit Leaves Investors Divided

Introduction

On Friday, the White House hosted its first-ever "crypto summit," bringing together top executives from various digital asset firms. The event, aimed at discussing the Trump administration’s approach to cryptocurrency regulation, highlighted a shift from the more aggressive policies of the Biden administration. However, the summit left some crypto investors disappointed, as they had hoped for more direct support from the government.

The Summit and Its Objectives

The summit, led by venture capitalist and Trump's "crypto czar" David Sacks, was intended to signal the administration’s commitment to the crypto industry. With the industry having long sought regulatory clarity and government backing, expectations were high. Some investors hoped for policy announcements that would drive a bullish market response.

Market Reaction: Bitcoin Fails to Rally

Despite the summit's significance, the price of Bitcoin fell about 3% in late-afternoon trading and was on track to close the week down approximately 7%, settling at $87,000. Many investors saw this as a sign that the summit did not provide the strong government support they had anticipated.

Trump’s Executive Order: A Strategic Bitcoin Reserve

A key announcement from the summit was President Trump’s signing of an executive order to create a “strategic bitcoin reserve.” However, the order only repurposes bitcoin previously seized by federal law enforcement, rather than authorizing new government purchases. Similarly, a “digital asset stockpile” was proposed for holding non-bitcoin tokens like Ethereum and Ripple, also acquired through enforcement actions.

While this initiative marks a notable shift in government recognition of crypto assets, it did not provide the immediate market boost that some had expected. The order also lacked a clear timeline or commitment for future cryptocurrency acquisitions by the government.

The Bigger Picture: A Changing Stance on Crypto

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The White House Crypto Summit was a gathering of experts and stakeholders to discuss the future of cryptocurrency and its regulation. The summit aimed to explore the potential benefits and risks of cryptocurrency and blockchain technology. Attendees included representatives from government agencies, financial institutions, and tech companies. The summit marked a significant step towards developing a comprehensive regulatory framework for cryptocurrency in the United States. The discussions focused on issues like investor protection, market integrity, and anti-money laundering regulations.

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BNB (Binance Coin) is a cryptocurrency created by Binance, used for trading fee discounts, transactions, and more. #BNB #Binance #Cryptocurrency

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#whitehousecryprosummit #USCryproReserve

Bitcoin (BTC) is a decentralized digital currency created in 2009 by an anonymous person or group using the name Satoshi Nakamoto. It operates on a peer-to-peer network, allowing users to send and receive payments without the need for a central authority like a bank. Bitcoin transactions are verified through blockchain technology, which ensures security and transparency. BTC is known for its limited supply of 21 million coins, making it a scarce and valuable asset. It has gained global popularity as both a digital currency and an investment option.

#bitcoin #blockchain #BTC

#whitehousecryprosummit
$USDC President Donald Trump hosted the inaugural White House Digital Assets Summit, a major step in the U.S. government's engagement with the cryptocurrency industry. The summit brought together influential figures from the crypto sector, including executives from companies like Coinbase and Gemini, and investors such as Cameron and Tyler Winklevoss. The event centered on promoting growth and creating a clear regulatory framework for digital assets in the U.S. The summit aimed to shape the future of cryptocurrency by fostering innovation while ensuring regulatory clarity for the industry’s continued development.