Today, a group of crypto-related executives and insiders are meeting at the White House to discuss the future of digital assets.
Fox News shared a list of the individuals invited to the summit. These include mostly CEOs from top digital asset firms:
- Gemini
- Ripple
- Anchorage
- Crypto.com
- Robinhood
- Kraken
- MicroStrategy
- Coinbase
- Chainlink
- Multicoin Capital
- World Liberty Financial
- Exodus
- Paradigm
- Bitcoin Magazine
- FalconX
- Polymarket
Former CFTC Chair Chris Giancarlo, who served during the previous Trump Administration and is currently at Willkie Farr, will also participate. Others not named are expected to join as well.
Yesterday, President Donald Trump signed an Executive Order (EO) to establish a “digital asset stockpile,” including the establishment of a Strategic Bitcoin Reserve.
The EO states:
“It is the policy of the United States to establish a Strategic Bitcoin Reserve. It is further the policy of the United States to establish a United States Digital Asset Stockpile that can serve as a secure account for orderly and strategic management of the United States’ other digital asset holdings.”
The Bitcoin Reserve will be held by the US Department of Treasury, and a new office will be created to manage the fund.
Treasury will also set parameters as to adding to the Bitcoin holdings.
Existing “Government Digital Assets” will be held as well, with several exceptions including return of assets to victims of crime and other law enforcement reasons.
Within 30 days of the EO, various federal agencies are required to provide the Secretary of the Treasury and the President’s Working Group on Digital Asset Markets with an accounting of all digital assets held.
David Sacks, the Trump administration’s AI and Crypto Czar, shared his thoughts on “promises made, promises kept” regarding digital assets and President Trump yesterday on X.
Sacks said the Feds currently hold an estimated 200,000 Bitcoin. He described the Bitcoin Reserve as similar to Fort Knox, the repository for the government’s gold holdings.
He noted that the Government lost out on over $17 billion gain in value, having sold Bitcoin too soon.
Sacks stated:
“President Trump promised to create a Strategic Bitcoin Reserve and Digital Asset Stockpile. Those promises have been kept. This Executive Order underscores President Trump’s commitment to making the U.S. the “crypto capital of the world.” I want to thank the President for his leadership and vision in supporting this cutting-edge technology and for his rapid execution in supporting the digital asset industry. His administration is truly moving at “tech speed.” I also want to thank the President’s Working Group on Digital Asset Markets — especially Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick — for their help and support in getting this done. Finally Bo Hines played a critical role as Executive Director of our Working Group.”