Trump’s first crypto summit has presents ready to push into regulation

Now that President Trump has announced plans for strategic Bitcoin The reservation, leaders in the cropto industry can focus on what they still want to hear from the new administration on Friday.

Several six weeks in his second white home, Trump hosted his first crypto summit, nodding industry that played a major role in his election victory in November. No executive was more central in that effort than Coin The whole Brian Armstrong.

Once an entrepreneur for silicon valley focused on the world world with digital property, Armstrong spent last year pretending In the Cripto’s Ambassador in Washington, DC, which transmits millions to elections, is building an alliance and securing the digital currency market has a desk seat.

“My goal that was attended by this is only, first of all, thank President Truth to help in order for the United States CNBCC” Armstrong said CNBCC said CNBCC. “I think so far he lived on that campaign and we saw a lot of work to work here in a positive way.”

Joining Armstrong at the summit on Friday, which runs the White House AI and the Cripto Car David bag, will be Strategy Chairman Michael Sailor, Slave General Manager Vlad Tenev and Chainlink’s Sergei Nazarov, among others. Plan to discuss the digital asset regulation as well as the mechanics of strategic reserves Bitcoin, which Trump announced At the end of Thursday by executive order.

Armstrong, whose company helped the crypto sector raise and directs $ 250 million to the elective cycle from 2024. year, Equipment with wall street banners and oil industriesis instrumental in shaping access to new administration with digital resources. Crypto’s pushes to greet responsibilities for the opposition and installing pro-cript candidates throwing, overturn key seats and cement sector as a major political force in Washington.

A few million dollars are directly functioned at Trump’s campaign and inaugural fund, a sign of how much the vehicle is on his victory.

At the summit on Friday, Armstrong says that his main priority will push new new laws.

“From our point of view, the next step in the United States, it is the most urgent that legislation is accepted,” he said. He specifically pointed to the regulation of Stablecoins and the broader market reform.

Momentum for regulatory clarity is already transferred to the benefit of the CRIPTO. This week, the Senate voted, with strong bipartisan support, to roll over two regulations on the BIB-ERI that the industry opposed. Sen. Ted Cruz, R-TKS, called the conquest of the passage for more comprehensive legislation.

Tenev’s wobiters appeared as one of the loudest tokenization advocates, arguing that the blockage technology can democratize private markets and decompose barriers to investing in the world’s most valuable companies. In a Washington Post OP-ED pointed out that companies like Openai, Spacek and comics worth hundreds of billions of dollars in combination, but remain inaccessible to everyday investors, and profit is concentrated among the small insider group.

“CRIPTO technology can unlock new ways of trade and investment in all assets, from digital to real world,” he told CNBC in front of the event. “Tokenization will transform investment, but we need regulatory clarity that this happens.”

According to the current Rules of SEC, only accredited investors, people with over a million dollars net worth or $ 200,000 in annual income, can participate in private markets. Tenev says that they will reform these obsolete rules and creating a framework for registering a security token to level the game for retail investors, giving them access to high growth opportunities that have been reserved for a long time for risky capitalists.

Before Executive Order on Thursday, the great debate in the industry was in what would suggest the type of strategic reservation Trump. The announcement ends speculations about whether the reservation would include more crippres. While Trump’s initial post o five tokens – Bitcoin, ether, XRPSolana’s Salt Token and Cardano’s Ada Coins – The final line limits the Bitcoin reserve.

Salt, Ether and Bitcoin all fell about 5% late Thursday, while Ada meals were almost 12%.

The order marks the first formal recognition of the Bitcoin of the American Government as a strategic asset. The reserve will be financed exclusively through Bitcoin in cases of criminal and civilian pursuits, ensuring taxpayers without financial burden.

Non-bitcoin assets will be placed in a separate digital property warehouse managed by the Ministry of Finance.

Nic Carter of Castle Island Ventures said the status of Bitcoin’s decision was Bitcoin as a global means, “somewhere in the kingdom of gold.”

The anchor of the digital general director Nathan McCaulei, which will also be at the Summit on Friday, called the development of a “huge moment for crypto and American management at the global phase.”

“By keeping Bitcoin and other digital assets in the long run, the white house takes over the approach to future forward reinforcing American economic competitiveness – not only for the next decade, but for the next century,” McCaulei said.

For David Bailey, General Manager of BTC Inc. And One of the key figures Created to influence Trump hugs Bitcoin, priority is to understand the size of ownsters Bitcoin.

“One thing is to understand how much Bitcoin America holds and what we can do as an industry to help the government secure it,” he said.

The Ministry of Finance must now implement the full revision of government farms, estimated at 200,000 Bitcoin. Sack confirmed that the government would not sell any Bitcoin from reserves, positioning is as a permanent value store.

Bailey, who convinced Trump to enter the biggest conference Bitcoin a year of the year Nashville July is also pushed for Treasury Bonds supported by Bitcoin, claiming that the integration of Bitcoin in the American debt could strengthen the balance sheet in the country and attract more customers.

“If we submit to Bitcoin reserves with American bonds, we could create a significant demand by giving investors to present Bitcoin,” he said.

Armstrong said CNBC that the horsemen would “absolutely” increase the cryptography for the government in the context of the national reserves, adding that the company is already working with different parts of the government in crypto-custody and trading.

“We are always happy to do that,” Armstrong said.

Ryan Gilbert, Fintech Investor, said the reserve would send a strong message to institutions that Bitcoin here to stay here.

“We also see that this will be a mirror image of a lot of corporations that looked at their cash registers and started investing in Bitcoin,” he said, pointing to say that the reply and strategies had caused. “I think this will cause a completely new wave of trust in assets, both from Corporations and the US Government.”

Advertising Company has become about $ 43 billion request from Bitcoin, which is carrying out for almost all his market cap.

“I think this executive order is well considered and convenient for the United States, the crypto industry and Bitcoin,” CNBC CNBC said.

That move faces the pressure of the Democrats. Senator Massachusetts Elizabeth WarrenThe top democrat at the Senate Banking Committee, sent a letter in front of the meeting, raising concerns and examining conflicts and examinations in advance of Trump’s true at-the-time measure that was initially hovering strategic reserve.

Varren called backs to reveal any financial farm in Bitcoin, in the reserve, incorporated into these tokens through Mireva Navisi from 1. January, which was also publicly published by its government’s ethical submissions, and she Unpaid special state state ethical.

Sacks said This week on x That he sold “all my cryptocurosity and my funds focused” before joining the administration.

After the summit, many of the participants will regroup in a non-record event that hosts coinbase, together with invited members of the Management Board. Armstrong is getting ready to play a long game.

“The fight for the crypt here is more urgent than ever,” Armstrong said. “If they lead to this front now, I think the rest of the G20 could be quite inspired because it has a lot of domino effects downstream.”