The White House crypto summit was held, but it is unclear what was accomplished. The summit was closed-door, with a televised address from Trump. Trump stated that his administration is working to end the federal bureaucracy's war on crypto. Industry executives were in attendance, but no major announcements or concrete plans were made. Coinbase plans to add 1,000 positions in the US. Sen. Cynthia Lummis, who introduced a bill for a strategic bitcoin reserve, was absent. A closed-door meeting on the strategic bitcoin reserve is rumored to be happening. The industry is expecting more executive orders from the president, but rumors of tax-free crypto capital gains are unsubstantiated.



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