Many crypto executives announce big decisions regarding their corresponding crypto business plans following the White House Crypto Summit.
Summary
- Donald Trump successfully completed the first White House Crypto Summit.
- Discussions in the summit were focused on how the crypto sector will evolve in the US under new crypto policies.
- After the summit, many crypto executives showed confidence in the pro-crypto regulatory environment of the US.
On 7 Friday, 2025, the White House Crypto Summit event took place, in which many top crypto leaders & executives of top crypto companies participated.
US President Donald Trump announced via his personal X (formerly Twitter) account about the summit and said that it was a historic action to make America the Bitcoin superpower country in the world.
Reuters reported that Trump stated during the event that he wants legislation for stablecoins before Congress’s August break.
The report noted that the president’s speeches were formal & focussed on how the crypto industry has evolved under his leadership, as he is showing full support for this innovative space.
According to Reuters, many people in the crypto sector are not showing satisfactory or happy reactions to the summit.
However, not much information is available in the public domain regarding this Summit’s focussed discussion, but Fox Business reporter Eleanor Terrett shared much information.
Eleanor informed on behalf of attendees that the government’s main agenda regarding the US crypto sector was not discussed in the summit. And Michael Saylor, the executive chairman & former CEO of Bitcoin bullish firm Strategy, shared a digital assets document with the Presidential Working Group & the US SEC’s Crypto Task Force.
Saylor shared with his X followers what he discussed at the summit mainly about crypto policies.
Saylor said that the pro-Bitcoin regulatory policies could boost the U.S. economy by $100 trillion in the next 10 years.
The former Strategy CEO outlined the potential top three key points regarding crypto adoption results in the US.
- $20 trillion from digital securities to the stock market
- $10 trillion from digital currencies to U.S. Treasuries
- $20 trillion growth in long-term capital assets
Saylor suggested the US government buy up to 25% of Bitcoin because holding this amount of Bitcoin could generate $81 trillion for the Treasury by 2045.
He also called for fair treatment in the crypto space. For example, no enforcement action against crypto companies on behalf of unnecessary rules, end “hostile tax policies” and debanking like bad measures. He urged the government to extend authority for the banks to provide Bitcoin custody services and remove unnecessary rules & laws.
Chainlink co-founder Sergey Nazarov, one of the attendees of the White House Crypto Summit, called this summit a historic event for the crypto industry. He informed his X followers that the top crypto industry leaders shared their views on Bitcoin & crypto reserves, regulation, and legislation, discussing how the sector could evolve within the U.S. financial system, which influences global finance with the US economy.
Furthermore, Chainlink co-founder noted the presence of key government officials in the summit, including Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, as well as the presence of President Donald Trump, is a very big sign of the American government’s growing commitment to the US crypto sector.
Sergey also praised the US president’s Czar David Sacks and Bo Hines, for their crypto leadership at the government level because of their corresponding understanding about the crypto space.
He noted that currently, they’re playing a very vital role in shaping the crypto policies that ultimately support crypto adoption in the US jurisdiction.
According to Chainlink co-founder Trump has been giving favour to the crypto industry as a key part of giving a big boost to the country’s struggling economy.
Following this government-level crypto summit, Coinbase CEO Brian Armstrong said that such actions are clearly showing a better vision for this sector and also added that the renewed growth in the US economy is giving better confidence to hire nearly 1,000 new crypto talents for Coinbase crypto exchange.
Read also: Donald Trump Signs Executive Order to Establish U.S. Strategic Bitcoin Reserve
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