U.S. President Donald Trump on Friday hosts top cryptocurrency players at the White House, a political boost for an industry that has struggled to gain legitimacy — and where the Republican president faces conflict of interest concerns.
The president's "crypto czar," Silicon Valley investor David Sacks, has invited prominent founders, CEOs and investors along with members of a Trump working group, to craft policies aimed at accelerating crypto growth, and providing legitimacy that the industry has long sought.
On Thursday night, Trump signed an executive order establishing a "Strategic Bitcoin Reserve," a move that Sacks said made good on a campaign promise to an increasingly important component of his coalition.
Summit guests include twins Cameron and Tyler Winklevoss, founders of crypto platform Gemini, as well as Brian Armstrong of Coinbase and Michael Saylor, the boss of major bitcoin investor MicroStrategy.
