At the White House Crypto Summit on Friday, President Donald Trump outlined a bold vision for cryptocurrency regulation and government involvement.
Key Takeaways:
Banks Can Custody Crypto: The Office of the Comptroller of the Currency (OCC) confirmed that banks can hold crypto assets, ending restrictions tied to "Operation Choke Point 2.0."
Bitcoin $BTC as a Strategic Reserve: Trump announced that the US government will not sell its Bitcoin holdings and will work on accumulating more through the Treasury and Commerce Departments.
Crypto-Friendly Regulations: The administration aims to create a favorable environment for digital assets by addressing regulatory hurdles and expanding government crypto reserves beyond Bitcoin to include assets like Ether ($ETH ), XRP, Cardano (Ada), and Solana ($SOL )
With these moves, Trump reaffirmed his commitment to making America a global leader in cryptocurrency.