Trump Hosts Crypto Summit, Announces Federal Bitcoin Reserve

The White House event signals a shift toward pro-crypto policies, raising questions about regulation and political influence.

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.