Market News
Crypto leaders meet at Trump's summit with strategic reserve in focus - REUTERS
By Nandita Bose, Suzanne McGee and Michelle Conlin
Summary
- Trump wants government to hold on to seized crypto assets
- Trump: "We don't want any cost to the taxpayers"
- Industry leaders seek clarity on crypto regulation and scrutiny
- Concerns over Trump's crypto interests and conflict of interest
March 7 (Reuters) - U.S. President Donald Trump wooed the cryptocurrency industry's elite at the White House on Friday, hosting a first-of-its-kind summit focused on his plans for a government-owned stockpile of digital assets.
Trump welcomed a wide range of industry players including Zach Witkoff, one of the founders of the president's own crypto business, World Liberty Financial, his social media posts showed.
In addition to top administration officials and lawmakers, guests in the White House's State Dining Room included MicroStrategy (MSTR.O) CEO Michael Saylor, Coinbase co-founder and CEO Brian Armstrong, investors Cameron and Tyler Winklevoss, and entrepreneur David Bailey.
