$USDC The White House Crypto Summit was a historic event that took place on March 7, 2025, at the White House's State Dining Room. President Donald Trump hosted the summit, which brought together over two dozen crypto executives and federal agency representatives to discuss a path forward for the crypto industry in the US ¹.

During the summit, President Trump made several key announcements, including the establishment of a Strategic Bitcoin Reserve (SBR) and a US Digital Asset Stockpile. The SBR will be funded exclusively through bitcoin seized in criminal and civil forfeiture cases, and the US government has pledged not to sell any of its bitcoin holdings ² ³.

Other notable announcements included the termination of "Operation Choke Point 2.0," a regulatory initiative that had prevented banks from providing custody services for crypto assets. The Office of the Comptroller of the Currency (OCC) confirmed that banks can now custody a range of crypto assets, including stablecoins ⁴.

The summit was attended by several high-profile figures, including Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Crypto Czar David Sacks. Industry leaders such as Coinbase CEO Brian Armstrong, Gemini co-founders Cameron and Tyler Winklevoss, and BTC Inc. CEO David Bailey were also in attendance ³.

Overall, the White House Crypto Summit marked a significant shift in the US government's stance on cryptocurrency, with President Trump emphasizing the importance of embracing digital assets to drive economic growth and technological leadership ¹.