
Trump tells crypto leaders at White House summit he’s committed to helping their industry
Associated PressPresident Donald Trump said Friday he’s committed to making the U.S. a world leader in cryptocurrencies as industry leaders heaped praise on him for reversing what they said had been unfair attacks on digital assets by the previous administration. “I thought it was very important that we stay in the front of this one,” Trump said at the first-ever White House “Crypto Summit.” A former crypto-skeptic, Trump has warmly embraced an industry that’s shown him significant love in return and spent heavily to help him win last year’s election. “Bitcoin is special,” said David Sacks, the Trump administration’s “crypto czar,” told reporters Friday. Trump’s order also creates a “Digital Asset Stockpile,” where the government will hold seized cryptocurrencies other than bitcoin. Sacks told reporters Friday that Trump’s personal crypto-related projects were “irrelevant” to the administration’s work related to the industry.
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