The White House Crypto Summit, which was highly anticipated by cryptocurrency traders, ended without any major announcements or initiatives for altcoins. The summit instead focused on a framework for stablecoin legislation and reassurances of lighter regulations. This outcome disappointed investors and led to steeper declines in altcoins such as XRP, Cardano's ADA, and Solana's SOL compared to bitcoin. Despite the lackluster summit, the embrace of bitcoin as a reserve asset by the US could potentially influence other countries to follow suit and drive global institutional adoption of cryptocurrencies.



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