On March 7, 2025, President Donald Trump hosted the first cryptocurrency summit at the White House, reaffirming the commitment to making the United States the 'crypto capital of the world.' He announced the establishment of the Strategic Bitcoin Reserve and the National Digital Asset Vault, using seized digital assets to promote economic and technological growth. Trump emphasized that this would not incur additional costs for taxpayers. The conference featured many industry leaders, including Michael Saylor and Brian Armstrong, to discuss market structure and regulations for cryptocurrency.