President Trump meets with Coinbase, Kraken, and other crypto giants to discuss regulations, innovation, and U.S. leadership in digital assets
Washington, D.C. – President Donald Trump hosted the first-ever White House Crypto Summit on March 7, 2025, bringing together top executives from companies like Coinbase, Kraken, MicroStrategy, and Robinhood. The event focused on shaping policies for Bitcoin, crypto regulations, and ensuring U.S. dominance in the growing industry.
Key Moments from the Summit
Trump’s Pro-Crypto Pledge
President Trump opened the summit by urging supporters to “never sell your Bitcoin” and reaffirmed his commitment to protecting crypto. He signed a new executive order aimed at fostering innovation and criticized the Biden administration’s “Operation Chokepoint 2.0,” a regulatory crackdown he claims harmed the industry.
“We are ending Operation Chokepoint 2.0,” Trump declared. “Some people really suffered under these policies. Regulators only changed their tune when they needed votes.”
Global Spotlight: FIFA World Cup Trophy and “FIFA Coin”
In a surprising moment, the FIFA World Cup trophy was displayed at the summit. Trump joked about creating a “FIFA Coin,” saying, “It could be quite a coin,” sparking laughter and applause.
Industry Leaders Applaud Trump’s Support
- David Sacks (Entrepreneur): Thanked Trump for defending crypto, stating, “This sector was attacked under past policies. Trump is fighting for what’s right.”
- Scott Besant (U.S. Treasury): Criticized Biden’s approach: “Previous leaders punished innovators. We’ll work with the IRS to build a stablecoin system that keeps the U.S. competitive.”
- Tom Emmer (House Majority Whip): Called the summit “unprecedented,” adding, “Nobody has done this before. Americans are embracing crypto, and people love it.”
Trump: “U.S. Must Lead in Crypto Like AI”
Trump compared the race for crypto leadership to artificial intelligence, warning against falling behind China.
“China is taking the lead, and we don’t want that. This is a historic day—we must stay ahead,” he said. The president ended his remarks by calling the summit a “very important day in your life,” before exiting without taking questions.
What’s Next?
The summit signals a major shift in U.S. crypto policy, with Trump pushing for fewer regulations and more innovation. As debates continue, the administration vows to prioritize American leadership in blockchain technology.
— Reported by Fawad Khan
