The first White House encryption summit leaves some of the investors unhappy

The White House hosted the first “encryption summit” on Friday, Senior executives from various digital assets companies held To discuss the Trump administration’s commitment to the decline in the aggressive organizational position taken by the Biden administration towards this industry.

However, some in the world of encryption I was disappointed The Trump administration did not indicate more active support for the industry, which leads to the same asset prices that were supposed to encourage the summit on Friday.

Bitcoin price decreased by 3 % in trading late in the afternoon, and the week was scheduled to end by approximately 7 %, to 87,000 dollars.

The foundation was laid for the fading reaction late Thursday, when the Caesar Caesar, the capitalist, David Sachs, announced that the president had had it I fell, ohRDER To create a “strategic bitcoin reserve”.

Although this measure was strongly pushed by the encryption community, the matter indicated that the reserve will only include the current Bitcoin holdings that were previously seized by federal law enforcement agencies. A separate “digital assets stock” will be created to hold non -bitcoin digital symbols, such as ETHEREUM and Ripple, which are also seized in enforcement procedures.

However, the executive order did not provide any explicit guarantee or schedule for the government to start directing new purchases for the encrypted currency.

He said that in the event of these purchases at all, they will be implemented in a neutral budget manner and without an additional cost of taxpayers.

Certainly, the presence of an encryption summit in the White House, not to mention the strategic reserve, represents a change in the sea for an industry that has long fought for major acceptance. Despite its recent decline, the price of bitcoin is still 25 % higher than his level before Trump got a second presidential term in early November.

Trump has jumped to the world of encryption, Release “Mimi currency“ Before inaugurated in January This is what briefly saw his clear wealth exploding by billions. The value of the currency has decreased since then.

On Friday, Trump doubled his desire to make the United States a “world of encryption capital” and a leader in advanced financial technology, some investors still want more.

“Trump is now formally” outside the hook “for what Bitcoin community did to him,” Jeff Park, CEO of the BitWise Crypto Investment Group, He said in a post on Friday Before the summit ends, in reference to the construction of the strategic reserve. “If you want something else later, you will want something else from now on.”

Park continued: “We asked very little. The presence of Bitcoin is only and not the rest of Altcoins in the strategic reserve is not a victory.” Explore “or the concepts of” study “is not a victory.

Based on a call with journalists before the summit on Friday, White House officials likened the establishment of the reserve to a “digital fortress” that would ensure the maintenance of proper control over its digital holdings. In the past, officials said that the government had sold its shares in a special way, as they said, had led to a lost value for taxpayers given the high value of bitcoin.

Officials also dispelled rumors that were raised – in the online encryption spaces that individuals will not have to pay taxes from Crypto Holdings.

The officials said that the observers had read a lot in the publication of the first social president, which announces the establishment of the reserve when he initially mentioned three encrypted currencies other than Pattikoin would be the symbols of the foundation of the reserve.

The encryption industry played a major role in the 2024 elections, with political work committees related to encryption and affiliated groups that spend more than $ 245 million for last year, according to the Federal Electoral Committee data.

Nearly half of all dollars in the companies that flowed in the elections came from the encryption industry, according to the non -profit public citizen.

For these efforts, even if the industry does not witness the United States government jumps to encryption markets, it has won a more encouraging organizational approach. Trump said on Friday that his administration “will end the federal bureaucracy war on encryption.”

Trump said, “We feel cold,” Trump said.