#WhiteHouseCryptoSummit
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Trump Hosts White House Crypto Summit, Advocates Holding Bitcoin Reserves
March 7, 2025 (Reuters) – U.S. President Donald Trump welcomed top cryptocurrency industry leaders to the White House for a groundbreaking summit focused on digital assets and their role in the U.S. economy.
Trump’s Vision for Crypto Reserves
During the event, Trump emphasized the importance of holding onto government-seized crypto assets, particularly Bitcoin, rather than selling them. He stated,
"From this day on, America will follow the rule that every Bitcoin investor knows well—never sell your Bitcoin. Who knows if that's right or not? But so far, it’s worked, so let’s keep it that way."
An executive order signed by Trump formalized this stance, ensuring that the government’s Bitcoin holdings remain untouched.
Industry Leaders and Key Discussions
The summit featured prominent figures, including:
Michael Saylor (MicroStrategy CEO)
Brian Armstrong (Coinbase Co-Founder & CEO)
Brad Garlinghouse (Ripple CEO)
Cameron & Tyler Winklevoss (Investors)
David Bailey (Entrepreneur)
Zach Witkoff (Co-Founder of World Liberty Financial, a crypto business associated with Trump)
Treasury Secretary Scott Bessent assured attendees that while crypto plays a growing role, the U.S. will maintain the dollar as the world’s reserve currency, using stablecoins as a bridge between traditional and digital finance.
XRP and the Future of U.S. Crypto Reserves
Ripple CEO Brad Garlinghouse praised Trump’s recognition of digital assets beyond Bitcoin. Trump suggested that XRP and four other cryptocurrencies might be included in a future strategic crypto reserve.
However, JP Richardson, CEO of Exodus, voiced concerns, stating,
"Crypto has made big strides, but it’s still a relatively nascent industry. Other coins function differently and could introduce risks."
The Path Forward
Industry leaders left the summit optimistic about a regulatory framework that treats crypto ?
