On the 7th, the first "Cryptocurrency Summit" was held at the White House, hosted by US President Donald Trump, and attracted a lot of attention.
Key figures from the U.S. financial sector and other sectors participated, as did the secretaries of the Treasury and Commerce, and the heads of major financial regulatory agencies, including the Chairman of the U.S. Securities and Exchange Commission (SEC).
So far, President Trump has been pro-cryptocurrency, holding Cryptoball even before he took office and encouraging the Securities and Exchange Commission (SEC) to regulate cryptocurrencies.
Thanks to these efforts, Bitcoin has reached an all-time high since President Trump took office, and many investors have been investing in altcoins.
He showed great interest in projects such as "Recommendations for promising meme coins to invest in in 2025." In particular, the major meme coins that have been rapidly emerging are those that were used during President Trump's election campaign.
It has played a major role in the cryptocurrency market, which has now grown into a huge cryptocurrency market with a market capitalization of over $120 billion. Prior to the event, most official information related to the cryptocurrency MIT conference was not provided.
Although no major changes were made to the cryptocurrency market, it was estimated that the key regulatory and policy directions for the United States to take the lead in the global cryptocurrency market would be discussed.
The main topics of discussion are expected to be the exemption from the dollar gains tax, and the full review of crypto assets as a target for the US strategic stockpile.
While the Trump administration has encouraged the issuance of stablecoins to strengthen the dollar, it has maintained its stance of banning central bank digital currencies (CBDCs).
As the issuance and usage of USDT and USDC increases, the demand for dollars also increases, so it is expected that the stablecoin bill will be discussed in detail during the meeting.
In addition, there are various opinions regarding the exemption of crypto assets from capital gains tax, so it is difficult to make predictions. If such a policy is introduced, it will have a significant impact on the market.
This will have an impact on the US. The hottest topic right now is the issue of the strategic reserve. Recently, President Trump announced that the US strategic reserve would be converted into Bitcoin (BT
C), Ethereum (ETH), Ripple (XRP), Solana (SOL), and CalDano (ADA) will be purchased, with further details to be disclosed at the meeting.
In relation to this, there are many rumors flying around about the upcoming crypto summit to be held at the White House, and crypto investors, businesses, and individuals around the world are paying close attention to the results.
Meanwhile, the delegates invited to this conference are in the position to learn the core information of crypto assets first, and digital assets linked to them may be included in the strategic reserve assets.
Some of the confirmed participants in the talks include Paradigm co-founder and Coinbase CEO Brian Armstrong.
Armstrong, Matt Huang, and MultiCoin Capital co-founder Kyle Samani
Samani, and MicroStrategy founder Michael J.
Saylor, Bitcoin Magazine CEO David Bailey, and Exodus CEO John Paul Richardson.
Most of them announced whether they would participate through personal accounts. The industry has been in the midst of a cryptocurrency-related boom since the meeting was held on March 7 (local time).
This is seen as an important turning point for the United States policy. In addition, as this is a meeting of the White House-led government and 25 CEOs of the digital asset industry, it is expected to be a major turning point for cryptocurrency producers in the United States.
It is expected that the introduction of concrete regulations for the industry will serve as a catalyst for a large influx of institutions.
2025/03/11 11:31 KST
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