The White House held a "crypto summit" to discuss the Trump administration's efforts towards crypto regulatory clarity. Ripple CEO Brad Garlinghouse praised the administration's support and emphasized the need for collaboration within the industry. Trump's executive order instructed the Treasury and Commerce Departments to develop strategies for accumulating Bitcoin and other digital assets without involving taxpayers. Industry leaders expressed support for the administration's approach, criticizing the Biden administration's regulatory crackdown. However, the summit did not have a significant impact on Bitcoin's price, which was down 2% at $86,247.



Other News from Today