President Trump hosted the first ever White House crypto summit, where he vowed to stop the war on a valuable asset. He signed an executive order creating a strategic Bitcoin to support digital goals within the United States. The regulatory environment for cryptocurrencies is changing, with $17 billion in Bitcoin already seized. The discussion also focused on digitizing the American dollar and merging it with other technologies. There is bipartisan support for a bill to digitize the American dollar, with advocates pushing for real action. The President wants to bring technology developers back to the United States to develop these technologies. The summit highlighted the importance of diversifying investment portfolios, with 5% in gold and 5% in cryptocurrency. Overall, the summit was seen as an exciting time for the development of digital assets and the American economy.
