At the Crypto Summit, Trump says that we will be “the Bitcoin superpower”,

Under a portrait of Abraham Lincoln, more than two dozen of the most powerful personalities in the US cryptocurrency, gathered in the White House on Friday for an audience with President Trump in the White House.

When Mr. Trump joined the artistic tap in the state after a short waiting period, the managers rose to greet him.

“Many of them fought for it for years,” said Mr. Trump when the room calmed down. “It is an honor to be with you in the White House.”

Mr. Trump organized a unique “crypto summit” and met with face to face practically all of the best crypto companies in the USA. Only a small part of the meeting, which was planned for four hours, was transferred to the public. But it offered a lively example of Mr. Trump's latest hug of Crypto, an renegade industry that has been fighting for years with the US supervisory authorities.

Several managers, including Tyler and Cameron Winklevoss, the founders of the Gemini Crypto Exchange, gave Mr. Trump with gratitude. They called him “wonderful” and said they were “overjoyed” with his approach.

“High IQ people around this table,” replied Mr. Trump.

Since taking office, Mr. Trump has orchestrated a complete transformation of federal politics into crypto. The Securities and Exchange Commission has an aggressive campaign by the bidges management almost exclusively in order to hold the industry. The agency, which deals with amazing speed, has given legal guidelines to help crypto companies end the investigation into large companies and to drop against two of the largest stock exchanges, coin base and octopus.

The managers of both companies took part in the event of the White House on Friday. Brian Armstrong, the managing director of Coinbase, was sitting two seats from the president.

“It signals that the industry is finally a serious industry,” said JP Richardson, who heads the Krypto company Exodus and flew to Washington to take part in Mr. Trump's summit. “We believe that technology can fundamentally change the world. And it is really important to take this administration really seriously. “

The meeting was also a memory of Mr. Trump's personal investment in crypto, which ethics experts described as an alarming conflict of interest. The guest list contained Zach Witkoff, the son of Steve Witkoff, a close friend of the President who acts as a government officer in the Middle East. The younger Mr. Witkoff is the founder of World Liberty Financial, a crypto business that Mr. Trump strongly promoted last year – and from whom he and his family benefit directly.

When a crypto skeptic once started with digital currencies on the campaign path on the digital currency last year, as a crypto company, tens of million dollars for him and candidates of the congress who supported the technology.

Soon Mr. Trump entered the market himself. Last autumn, he and his sons worked with the Witkoffs to start World Liberty Financial, and promoted them as a platform for borrowing and loans in Krypto. World Liberty has its own digital currency, Wlfi, and the Trump family receives a reduction in sales.

Just a few days before his inauguration, Mr. Trump also began to sell a so-called Memecoin, a kind of cryptocurrency that was bound with an internet joke or a celebrity mascot. The coin called $ Trump briefly and then crashed, with the investors cumulatively cost 2 billion US dollars.

Since winning the election, Mr. Trump has taken steps to strengthen the prospects of the industry, to appoint crypto supporters to the head of the administration and to ask for federal authorities to develop a new approach to regulation.

On Thursday evening he signed a managing director to create a national reserve by Bitcoin and other cryptocurrencies. Crypto executives presented the plan as a strategy to remove public debt.

Skeptics have attacked the proposal as a program to enrich a small number of crypto investors. Even some of Mr. Trump's supporters in the technology world have joined the criticism.

After Mr. Trump annoyed the announcement of the reserve on social media last weekend, Joe Lonsdale, a prominent Tech investor, wrote about X that the government should not waste any money for “Krypto -Bro programs”.

None of this dissent was exhibited at the summit. The meeting was warm, said Sergey Nazarov, founder of the Crypto Company Chainlink, who took part in the event. The managers shared their views on the crypto directive for debates or disagreements one after the other.

“This was not a meeting where things were decided or disclosed,” said Nazarov. “This was more of a collaborative brainstorming type of the session.”

In the public part of the summit, Mr. Trump sat between David Sacks, the cryptopolitis of the White House, and Scott Bessent, the finance minister. Mr. Trump welcomed the event as a turning point in the treatment of the crypto industry by the nation.

“I promised to make America a Bitcoin superpower of the world and the crypto capital of the planet,” he said. “We take historical measures to make this promise.”

He said the new National Bitcoin Stockpile would create a virtual Fort Knox for the nation's stocks. “Never sell your Bitcoin,” said Mr. Trump.

In his own statements, Mr. Sacks praised Mr. Trump's leadership and said the government moved “at technical speed”. The industry was exposed to “law enforcement and persecution” under the bid administration, he said.

“Nobody knows how it feels better than you,” said Sacks to the president.

Then he turned to the Winklevoss twins and sat on the other side of the room.

“They used to say something that I thought was really profound,” Mr. Sacks told them. “A year ago, they thought that it would be more likely that they would end up in prison than in the White House.”