#WhiteHouseCryptoSummit President Donald Trump signed an executive order Thursday evening establishing a Bitcoin Strategic Reserve, ahead of the White House Crypto Summit on Friday. Several industry leaders and members of President Trump's crypto task force are expected to attend the he first-of-its-kind event. Meanwhile, bitcoin and cryptocurrency prices rebounded modestly early Friday.

The White House Crypto Summit will take place from 1:30 p.m. to 5:30 p.m. ET on Friday, March 7. David Sacks, President Trump's AI and crypto czar, is expected to lead the affair.