🎉 Trump and the Treasury Secretary spoke at the White House Cryptocurrency Summit: "Never sell your Bitcoin"
At Friday's White House Cryptocurrency Summit, President Trump and Treasury Secretary Bessent attended, along with a host of cryptocurrency industry giants, such as Ripple's Brad Garlinghouse, Coinbase's Brian Armstrong, the Winklevoss twins Cameron and Tyler, and MicroStrategy's Michael Saylor.
Trump reiterated his Thursday executive order at the summit, stating that the U.S. will establish a strategic reserve of Bitcoin and never sell your Bitcoin. He also mentioned that this is the mantra of Bitcoin holders, not sure if it's true, who knows?"
In addition, the order directs Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to explore ways to acquire Bitcoin without adding taxpayer burdens.
Treasury Secretary Bessent stated that the government would revoke previous old guidance on cryptocurrency tax laws and risk weights and promote dollar stablecoins to maintain the dollar's leading position in global finance. He also mentioned that the government would explore ways to acquire more Bitcoin but would not spend taxpayer money on additional purchases.
Although the order also mentioned a plan to establish a "digital asset reserve" for altcoins, the government will not prevent the normal trading of these altcoins or restrict the normal flow of these digital assets.
Cryptocurrency executives participating in the roundtable were pleased with Trump's friendly attitude. Sergey Narzarov from Chainlink said, "The U.S. should continue to play a leading role in this new financial system; I'm glad to see that."
Although the meeting content was not publicly broadcast, it is said that the roundtable was relatively small to stimulate "meaningful dialogue." Perhaps this summit will be a significant turning point for the cryptocurrency industry; we shall see!
In summary, the White House Cryptocurrency Summit demonstrated the U.S. commitment to maintaining its leading position in the global financial system. Initiatives include building Bitcoin reserves, promoting dollar stablecoins, exploring low-cost Bitcoin acquisition methods, and deepening dialogue between industry giants and the government, which may become a critical turning point for industry development and is worth paying attention to.
