Trump’s first Summit of Crypts has ready to put pressure on regulation

Now that President Trump has announced plans for a strategic Bitcoin Reserves, chiefs of cryptocurrencies can focus on what they want to hear from the new administration on Friday.

Just over six weeks in his second term of the White House, Trump is waiting for his first cryptocurrency summit, a knot for an industry that played a major role in his election victory in November. No executive was more essential to that effort than basis CEO Brian Armstrong.

Formerly a Silicon Valley entrepreneur focused on the world board in digital assets, Armstrong spent last year becoming Crypto Ambassador to Washington, DC, gathering millions in elections, building alliances and ensuring that the digital coins market has a place on the table.

“My intention to participate in this is really right, first of all, to thank President Trump for the help of the United States the capital of the world’s crypt,” Armstrong Cnbc told the meeting. “I think he has lived until that campaign promise so far, and we’ve seen a lot of work doing here in a positive way.”

Joining Armstrong on Friday Summit, which is heading from the White House he and Crypto Czar David Sacks, will be strategy Mayor Michael Saylor, jerk CEO Vlad Tenev, and Sergey Nazarov of Chainlink, among other things. They are planning to discuss the digital wealth regulation, as well as the mechanics of Bitcoin’s strategic reserve, which Trump announced late Thursday by executive order.

Armstrong, whose company helped the Cryptos Sector grow and run $ 250 million in the 2024 election cycle, exceeding Wall Street Banks and the oil industry, has been useful in forming a new administration approach to digital assets. Crypto’s push to discover opposition lawmakers and install pro-Christo candidates was paid beautifully, rolling the main countries and cementing the sector as a great political force in Washington.

Several million dollars went directly into the Trump’s campaign and inaugural fund, a sign of how much he was riding in his victory.

At Friday’s summit, Armstrong says his main advantage will go ahead of new laws.

“From our point of view, the next step in the United States that is more urgent is the maintenance of legislation,” he said. He specifically showed the stablecoin regulation and the broader reforms of the market structure.

The moment for regulatory clarity is already being moved in favor of Crypto. The Senate voted this week, with strong two -party support, to overthrow two Biden era regulations that the industry opposed. Sen. Ted Cruz, R-Tx, called the victories a gateway for more comprehensive legislation.

For Sergey Nazarov, co -founder of Chainlink, a major issue is how the US can use blockchain’s technology to maintain its predominance in global finances.

“Indeed what matters to financial systems are assets,” said Nazarov, whose company offers a blockchain based platform for digital assets. “Do you generate the largest collection of the best basic assets that have subsequently wrapped, rewritten and repaired by others?

Nazarov said the US should ensure that the main financial markets – treasures, investment funds and immovable property – are a sign. He sees that as the determining financial displacement of the next 50 years, similar to moving from paper -based markets to internet -based financial products.

Robinhood’s Tenev has emerged as one of the most vocal tokenization lawyers, arguing that blockchain technology can democratize private markets and disrupt obstacles to investment in the most valuable companies in the world. In a Washington Post OP-ED, he stressed that companies like Openai, Spacex and Stripe are worth hundreds of billions of combined dollars, but remain inaccessible to everyday investors, with profits centered on a small interior group.

“Cryptos technology can unlock new ways to trade and invest in all assets, from digital to the real world,” he told the CNBC before the event. “Earthization will transform investment, but we need regulatory clarity to make it happen.”

According to the current SEC rules, only accredited investors, people with over $ 1 million in net worth or $ 200,000 annual income, can participate in private markets. Tenev says the reform of these outdated rules and the creation of a framework of security sign registration would flatten the playing field for retail investors, giving them the opportunity to use high -rise opportunities that have long been reserved for capitalists of enterprise.

Prior to Thursday’s executive order, the big debate in the industry was the type of strategic reserve that Trump would propose. The announcement concludes speculation if the reserve will include multiple cryptocurrency. While Trump’s initial post on the social truth named Five Toens – Bitcoin, ether, XrpSolana’s Sol Token and Cardano Ada Currency – The final ranking restricts the reserve to Bitcoin.

Sol, Ether and Bitcoin all fell about 5% late Thursday, while Ada plunged nearly 12%.

The order marks the first official recognition of the US government of Bitcoin as a strategic asset. The reserve will be financed exclusively through Bitcoin seized in cases of criminal and civil confiscation, ensuring that taxpayers have no financial burden.

Non-Bitcoin assets will be placed in a separate reserve of digital assets managed by the Treasury Department.

Nic Carter from Castle Island Ventures said the decision cements Bitcoin status as a global asset, “somewhere in the field of gold”.

The Director General of Anchorage Digital, Nathan McCauley, who will also be on Friday’s summit, called the development “a great moment for both Crypto and American leadership on the global scene”.

“Holding Bitcoin and other digital assets for the long run, the White House is taking a forward access to strengthening American economic competition-not only for the next decade, but for the next century,” McCauley said.

For David Bailey, CEO of BTC Inc. And one of the leading figures credited with the influence of Bitcoin’s Trump’s embrace, the advantage is to understand the size of Bitcoin’s ownership of the country.

“One is to understand how much Bitcoin America holds, and what we can do as an industry to help the government provide it,” he said.

The Treasury Department should now carry out a full control of government properties, valued at 200,000 Bitcoin. Sacks confirmed that the government will not sell any bitcoin out of the reserve, positioning it as a permanent valuable store.

Bailey, who persuaded Trump to mark the main Bitcoin Bitcoin Conference in Nashville in July, is also pressuring Bitcoin backed Treasury bonds, arguing that Bitcoin’s integration into the US debt system can strengthen the country’s balance and attract more buyers.

“If we mix Bitcoin’s reserves with US bonds, we could create significant demand by giving investors exposure to Bitcoin’s performance,” he said.

Armstrong told CNBC that Coinbase would “absolutely” be a cryptocurrencies for the government in the context of a national reserve, adding that the company already works with different parts of the Government for Cryen and Trade.

“We are always happy to continue to do it,” Armstrong said.

Ryan Gilbert, an investor Fintech, said the reserve will send a strong message to institutions that Bitcoin is here to stay.

“We are also seeing that this will be the image of the mirror of many corporations that have looked at their treasures and have begun to invest in Bitcoin,” he said, showing Saylor and strategy as an early adoptive. “I think this will arouse a whole new wave of trust in active, both from corporations and the US government.”

Saylor’s company has accumulated about $ 43 billion Bitcoin, counting almost all of its market lid.

“I think this executive order is well considered and auspicious for the United States, the cryptocurrency industry and Bitcoin,” Saylor CNBC told.

The mass faces some pressure from the Democrats. Massachusetts Senator Elizabeth Warren, the Supreme Democrat on the Senate Banking Committee, sent a letter to sacks ahead of the meeting, raising concerns of conflict of interest and asking if the sacks had prior knowledge of the Trump’s social position that initially sailed a multi-context strategic reserve.

Warren called for sacks to discover any financial possession of Bitcoin, Ether, Solana, and other assets included in the reserve, noting that his firm, craft companies, was heavily invested in these signs through Bitwise since January 1st. She also pressured the public discovery of his government government appearances, which, as an unpaid special government employee, will present, but is not required to make the public.

Sacks said this week on x that he sold “all my cryptocurrency and my own cryptocurrency -centered funds” before joining the administration.

After the summit, many of the attendees will be reorganized at an event outside the record organized by Coinbase, along with the invited members of the administration. Armstrong is getting ready to play the long game.

“The fight for cryptocones here is more urgent than ever,” Armstrong said. “If SH.BA leads to this front, I think the rest of the G20 can be quite inspired by it, and it has a lot of domino effects on the bottom.”