Trump Declares US The 'Bitcoin Superpower' At White House Crypto Summit With Top Industry Executives
March 8, 2025 7:21 AM2 min read
Trump Declares US The 'Bitcoin Superpower' At White House Crypto Summit With Top Industry Executives
by Ananya Gairola Benzinga Staff Writer
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At a first-of-its-kind crypto summit at the White House, President Donald Trump pledged to make U.S. the global leader in Bitcoin BTC/USD and digital assets, signaling his administration's full embrace of the cryptocurrency industry.
What Happened: On Friday, more than two dozen top crypto executives, including the Winklevoss twins, Coinbase COIN CEO Brian Armstrong, and Kraken executives, gathered at the White House to discuss the future of crypto policy in the U.S., reported the New York Times.
"I promised to make America the Bitcoin superpower of the world and the crypto capital of the planet," Trump said, adding, "We're taking historic action to deliver on that promise."
Earlier, Trump had announced an executive order to establish a national Bitcoin reserve, which he compared to a virtual Fort Knox for digital assets. "Never sell your Bitcoin," he said during the summit.