U.S. President Donald Trump hosted a summit focused on a government-owned strategic reserve of crypto assets, primarily Bitcoin. The reserve will be funded by seized crypto assets from criminal and civil forfeiture proceedings, with no additional taxpayer cost. Industry leaders attended, including representatives from MicroStrategy, Coinbase, and Ripple. While some welcomed the collaboration, others expressed concern over the lack of a plan to purchase new tokens and the inclusion of cryptocurrencies besides Bitcoin in the reserve. The announcement negatively impacted Bitcoin's price. Concerns regarding potential conflicts of interest due to Trump's family's crypto ventures were also noted. The summit aimed to establish clarity on crypto regulation and scrutiny.