On March 7, the White House hosted a groundbreaking crypto summit that gathered top industry leaders, government officials, and executives from companies like Ripple and Coinbase. The event aimed to establish a clear regulatory framework for digital assets and move away from outdated policies, without addressing fiscal issues.

President Trump, who announced the summit less than a week ago, stressed the intention to leave behind measures imposed by previous administrations. In a bold executive move, he set up a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile” using crypto seized from criminal cases—without actively purchasing additional $BTC . At the same time, the Office of the Comptroller of the Currency confirmed that banks would now be permitted to custody crypto assets, including stablecoins, as the controversial “Operation Choke Point 2.0” comes to an end.

Industry figures such as Les Borsai, co-founder of Wave Digital Assets, noted that the summit represents the first coordinated effort to provide long-awaited regulatory certainty, potentially keeping crypto innovation on American soil. Similarly, Sergey Nazarov from Chainlink emphasized the importance of U.S. leadership in the digital asset space. However, critics like Robert Weissman of Public Citizen warned of potential conflicts of interest, pointing out that Trump’s own memecoin—which holds 80% of its supply—could favor private interests, while others labeled the summit a lobbyist gathering in search of revenue.

The timing of the summit coincides with a palpable shift in federal policy. The Trump administration, which has already reversed investigations and legal actions against major crypto firms such as Coinbase, Gemini, Kraken, and Robinhood, signaled a new era of openness. Discussions included creating a diversified reserve that, in addition to Bitcoin, would feature altcoins llike $ETH ,$XRP Cardano, and Solana. Despite the promising agenda, market reactions were mixed; following the summit and its announcements, Bitcoin’s price fell around 7.3%, and today it falls below the $70,000 mark.

Follow us for more insights as we continue to monitor how these bold regulatory shifts shape the future of digital assets in the United States.