Trump and the Crypto Summit

🔵The first-ever White House Crypto Summit, hosted by Donald Trump, focused on digital asset regulation and the creation of a U.S. Bitcoin reserve. The president signed an executive order mandating the storage of confiscated BTC, stating that the government will no longer sell them.

🔵Stablecoin regulation was also a key topic, with Trump expressing support for a legislative bill on the matter.

🔵Despite the optimism among participants, the crypto market reacted with a 5% drop, bringing total market capitalization down to $2.82 trillion.