Encryption market surges late at night; a White House roundtable meeting releases signals
Bitcoin jumped from around $65,000 to $70,000 in a short period overnight. Ethereum’s gain is close to 20%, while HYPE is even approaching an all-time high. This unusual crypto market movement is said to be signaled by a White House roundtable discussion in the United States.
On July 20, Trump convened a roundtable meeting at the White House with senior executives from finance, crypto, and technology companies, as well as heads of regulatory agencies, and delivered public remarks.
On the regulatory side, the chairs of the CFTC and the SEC attended; on the industry side, leading representatives from companies and institutions including Coinbase, ICE (NYSE), Nasdaq, Robinhood, Kraken, Ripple, and Chainlink gathered for the meeting, with major figures from the industry all present.
The core of this discussion is that Trump proposed the U.S. should strive to seize global leadership in financial markets and the AI sector, pledging to ensure that the future of global financial technology takes root on U.S. soil. From the roster of attendees, it’s not hard to see that the crypto sector is an important part of this meeting.
During the meeting, Trump reviewed past deployments and plans related to the crypto space, and the market has begun to develop new expectations for the subsequent progress of crypto-related legislation. This high-level meeting has become an important catalyst driving the collective rally in this round of crypto assets.
Bitcoin jumped from around $65,000 to $70,000 in a short period overnight. Ethereum’s gain is close to 20%, while HYPE is even approaching an all-time high. This unusual crypto market movement is said to be signaled by a White House roundtable discussion in the United States.
On July 20, Trump convened a roundtable meeting at the White House with senior executives from finance, crypto, and technology companies, as well as heads of regulatory agencies, and delivered public remarks.
On the regulatory side, the chairs of the CFTC and the SEC attended; on the industry side, leading representatives from companies and institutions including Coinbase, ICE (NYSE), Nasdaq, Robinhood, Kraken, Ripple, and Chainlink gathered for the meeting, with major figures from the industry all present.
The core of this discussion is that Trump proposed the U.S. should strive to seize global leadership in financial markets and the AI sector, pledging to ensure that the future of global financial technology takes root on U.S. soil. From the roster of attendees, it’s not hard to see that the crypto sector is an important part of this meeting.
During the meeting, Trump reviewed past deployments and plans related to the crypto space, and the market has begun to develop new expectations for the subsequent progress of crypto-related legislation. This high-level meeting has become an important catalyst driving the collective rally in this round of crypto assets.