The White House Crypto Summit, hosted by Donald Trump, disappointed the crypto community and failed to deliver on anticipated positive regulations. Trump briefly discussed his Crypto Reserve plans and mentioned potential collaboration with FIFA for a token launch, but offered no concrete promises or specific policy ideas. Some Trump-aligned crypto executives praised his attempts to curtail federal regulators, while others criticized the summit as embarrassing and a national embarrassment. The summit, which lasted only 20 minutes, did not provide the desired boost in the price of Bitcoin. The lack of substantial promises and the deferential attitude towards Trump created a negative impression. Despite the dissatisfaction, some participants may still benefit, as Coinbase announced plans to hire 1,000 more employees. Overall, the summit did little to signal significant positive developments for the crypto industry.



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