#WhiteHouseCryptoSummit marked the first cryptocurrency summit at the White House. The event brought together prominent figures from the industry, including founders, CEOs, and investors, as well as members of the Presidential Working Group on Digital Assets.

During the summit, President Donald Trump issued an executive order establishing a strategic reserve of Bitcoin and other digital assets. This initiative aims to utilize cryptocurrencies seized in criminal or civil proceedings to capitalize the reserve, ensuring that there are no additional costs to taxpayers.