Donald Trump’s administration took a major step toward reshaping the U.S. crypto landscape during a historic White House crypto summit on March 7, 2025.
The event saw participation from top industry leaders, including Ripple CEO Brad Garlinghouse, alongside representatives from Coinbase and Gemini. Trump made a series of key announcements that signal a more supportive regulatory environment for digital assets in the United States.
A major highlight was Trump’s commitment to ending “Operation Chokepoint 2.0,” a regulatory effort that pressured banks into restricting crypto-related businesses. Trump criticized this as a misuse of government power and assured executives that his administration would work to foster a more crypto-friendly banking system. Additionally, he pushed for the passage of stablecoin legislation, emphasizing the importance of regulatory clarity and innovation in the sector.
One of the most groundbreaking revelations was the announcement of a U.S. Bitcoin reserve. Dubbed a “digital Fort Knox,” the reserve will be seeded with Bitcoin seized through criminal and civil asset forfeitures. Trump assured that the government has no intention of selling these holdings, positioning Bitcoin as a strategic asset. The initiative aims to solidify the U.S.’s leadership in the global digital economy without using taxpayer funds.
Beyond Bitcoin, the administration also outlined plans for a broader government crypto stockpile, potentially expanding to include Ethereum, XRP, Solana, and Cardano. Treasury Secretary Scott Bessent explained that future acquisitions would rely on seized assets rather than taxpayer money.
The summit also stirred controversy, with economist Peter Schiff condemning the event as a “national embarrassment.” Despite this, Trump and industry leaders remained focused on advancing policies to integrate crypto into the financial system while promoting U.S. dominance in the sector.
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