Deepa Shivram

Yeah, the argument the White House is making is that the U.S. is losing money by selling the Bitcoin they already have seized from court proceedings. So Trump's crypto czar, David Sachs, said on social media last night that the government has about $200,000 in Bitcoin, which is worth about $17 billion. And the idea is that the reserve will be a, quote, digital Fort Knox.

Yeah, the argument the White House is making is that the U.S. is losing money by selling the Bitcoin they already have seized from court proceedings. So Trump's crypto czar, David Sachs, said on social media last night that the government has about $200,000 in Bitcoin, which is worth about $17 billion. And the idea is that the reserve will be a, quote, digital Fort Knox.

Yeah, the argument the White House is making is that the U.S. is losing money by selling the Bitcoin they already have seized from court proceedings. So Trump's crypto czar, David Sachs, said on social media last night that the government has about $200,000 in Bitcoin, which is worth about $17 billion. And the idea is that the reserve will be a, quote, digital Fort Knox.

all of that Bitcoin just stays there. And that was a campaign promise from President Trump. But the idea of having a crypto reserve is pretty controversial, even among those in the crypto space, coming down to details like which cryptocurrencies do you keep in the reserve and why is the president picking some over others? So there's a lot of lingering questions. Yeah.

all of that Bitcoin just stays there. And that was a campaign promise from President Trump. But the idea of having a crypto reserve is pretty controversial, even among those in the crypto space, coming down to details like which cryptocurrencies do you keep in the reserve and why is the president picking some over others? So there's a lot of lingering questions. Yeah.

all of that Bitcoin just stays there. And that was a campaign promise from President Trump. But the idea of having a crypto reserve is pretty controversial, even among those in the crypto space, coming down to details like which cryptocurrencies do you keep in the reserve and why is the president picking some over others? So there's a lot of lingering questions. Yeah.

Yeah, the White House hasn't shared a lot of details about who's attending today, who's going to be speaking, though we do expect the president to make remarks. But I will say the big overarching thing that people are expecting from this summit is a pretty wide open question, which is what are the rules when it comes to cryptocurrency?

Yeah, the White House hasn't shared a lot of details about who's attending today, who's going to be speaking, though we do expect the president to make remarks. But I will say the big overarching thing that people are expecting from this summit is a pretty wide open question, which is what are the rules when it comes to cryptocurrency?

Yeah, the White House hasn't shared a lot of details about who's attending today, who's going to be speaking, though we do expect the president to make remarks. But I will say the big overarching thing that people are expecting from this summit is a pretty wide open question, which is what are the rules when it comes to cryptocurrency?

a space that involves trillions of dollars, so many players and a lot of opportunity, but also a lot of volatility and risk and bad actors. So there's a desire here to build a regulatory framework.

a space that involves trillions of dollars, so many players and a lot of opportunity, but also a lot of volatility and risk and bad actors. So there's a desire here to build a regulatory framework.

a space that involves trillions of dollars, so many players and a lot of opportunity, but also a lot of volatility and risk and bad actors. So there's a desire here to build a regulatory framework.

And a lot of folks in the crypto space see this summit as an opportunity to get the ball rolling on those discussions, especially because there are a lot of conversations like this that they feel weren't happening under the Biden administration. Well, what was Biden doing then?

And a lot of folks in the crypto space see this summit as an opportunity to get the ball rolling on those discussions, especially because there are a lot of conversations like this that they feel weren't happening under the Biden administration. Well, what was Biden doing then?

And a lot of folks in the crypto space see this summit as an opportunity to get the ball rolling on those discussions, especially because there are a lot of conversations like this that they feel weren't happening under the Biden administration. Well, what was Biden doing then?

The Biden administration focused on enforcement in trying to crack down on cryptocurrency rather than coming up with the new rules of the road to help the industry and help consumers. Trump's approach so far has been to undo that.

The Biden administration focused on enforcement in trying to crack down on cryptocurrency rather than coming up with the new rules of the road to help the industry and help consumers. Trump's approach so far has been to undo that.

The Biden administration focused on enforcement in trying to crack down on cryptocurrency rather than coming up with the new rules of the road to help the industry and help consumers. Trump's approach so far has been to undo that.

In the last few weeks, his administration has backed away from a lot of the lawsuits and investigations that the SEC, which is the Securities and Exchange Commission, had been doing on crypto businesses. I talked to Campbell Harvey. He's a finance professor at Duke University about the change in approach to crypto.

In the last few weeks, his administration has backed away from a lot of the lawsuits and investigations that the SEC, which is the Securities and Exchange Commission, had been doing on crypto businesses. I talked to Campbell Harvey. He's a finance professor at Duke University about the change in approach to crypto.