Overview

• Donald Trump convened a White House crypto summit with top industry leaders, signaling the administration's strong support for cryptocurrency innovation.
• An executive order established a federal Bitcoin reserve, composed of seized cryptocurrencies, while rejecting taxpayer-funded purchases of new assets.
• Critics warn that the administration's deregulation efforts and close ties to crypto donors risk undermining investor protections and public trust.
• The SEC has dropped several enforcement actions against major crypto firms under Trump's administration, reversing policies from the Biden era.
• Industry and political figures remain divided over the strategic reserve, with concerns about its implications for market stability and regulatory consistency.