#WhiteHouseCryptoSummit The inaugural White House Crypto Summit, held on March 7, 2025, marked a significant shift in U.S. policy toward digital assets. President Donald Trump, previously a skeptic of cryptocurrencies, declared that the "war on crypto is over," signaling a more supportive stance toward the industry.

A central announcement from the summit was the establishment of a U.S. Strategic Bitcoin Reserve, dubbed the "Digital Fort Knox." This reserve comprises approximately 200,000 bitcoins, valued at around $17 billion, acquired through government seizures. The initiative aims to bolster the credibility of cryptocurrencies and position the United States as a leader in the digital financial sector.

The summit convened over 20 prominent figures from the cryptocurrency industry, including Coinbase CEO Brian Armstrong, MicroStrategy CEO Michael Saylor, and Ripple CEO Brad Garlinghouse. Discussions focused on regulatory frameworks, market structures, and strategies to promote innovation while ensuring investor protection.

David Sacks, appointed by President Trump as the White House AI and Crypto Czar in December 2024, played a pivotal role in organizing the summit. Sacks is tasked with developing a legal framework to provide clarity for the cryptocurrency industry, aligning with the administration's goal to make the U.S. the "crypto capital of the world."

While the administration's pro-crypto stance has been lauded by industry leaders, critics express concerns