President Donald Trump recently held a White House meeting with industry leaders to announce new federal stockpiles for cryptocurrencies and express support for legislation offering regulatory certainty to the crypto industry. This event highlighted the significant shift in the industry’s standing, particularly given Trump’s personal investments and recent executive orders promoting digital asset markets.

The meeting, attended by about 30 industry leaders, featured key figures like tech investor David Sacks, who serves as the White House’s crypto and artificial intelligence czar, and Treasury Secretary Scott Bessent. Bessent emphasized the administration’s commitment to positioning the United States as a digital asset strategy leader.

Under Trump’s administration, the crypto industry has seen a notable change in regulatory treatment compared to the stricter approach during Joe Biden’s presidency. The Securities and Exchange Commission dropping cases against major crypto companies like Coinbase signaled a more favorable environment for the industry.

Notably, representatives from various companies, including Coinbase, attended the White House summit, underscoring the industry’s growing influence in American political circles. Trump’s financial stake in the crypto sector, including ownership of cryptocurrency tokens and a majority stake in World Liberty Financial, further solidifies his involvement and interest in the industry.

Overall, the summit highlighted the industry’s evolution and newfound support from the administration, with Trump and industry leaders expressing a shared sentiment of overcoming past challenges and striving for a stronger future in the crypto space.