The long -awaited White House Crypto Summit left a bitwatch impression, surprised something because it was anything but Crypto.
On Friday, March 7, the White House hosted its first crypto summit, where US President Donald Trump met with top industry officials to discuss the future of crypto and blockchain in the United States.
Hosted by Trump’s Crypto Caesar and Venture Capitalist David Sachs, indicating a major change in the federal government’s stance on cryptocurrency from the incident.
In fact, however, it seemed more than a mixture of promoting a FIFA token, praising Trump’s desire to embrace the crypto, and not much – at least the White House allowed the media to see during the initial comment.
Although it is not clear what was discussed behind the closed doors, industry figures, including the CEO Brian Armstrong of the coinbase, Microstratory Michael Sayler and Vinklevos Twins, to release Washington’s direction from the direction of optimism.
FIFA (???) Coin
Inauguration of the summit, as mentioned earlier, with Crypto, as Trump, for unknown reasons, the President of FIFA, the President of FIFA, handed over the first speech slot to his long -time friend Gianni Infantino. Infantino shaped an new trophy as an arrowery sphir, which is a kind in the early credits of the game of throne, saying that it “represents the past but is also estimated for the future.”
https://twitter.com/limitorder66/status/189813690260750631
And if a football -related trophy at the Crypto summit was not strange enough, the Infantino went to the so -called FIFA coin.
“The football economy in the world is about 170 billion per year. Thirty percent of his, Mr. President, is in Europe. So imagine the ability that worldwide, only a sovereign is at the European Union level. And so, FIFA is very, very interested, under my presidential post, from here, from the US, and five billion football fans in the world to develop a coin to win. ,
Giani infantino
Nobody really knows who invited Infantino, but the way Trump welcomed him, he felt like his thoughts. Prior to the incident, Trump met Infantino to set up a task force for the 2026 World Cup, which would be held in the US, Mexico and Canada. “It can be quite coin, in fact,” Trump said, commenting on infantino’s crypto teaser.
High-IQ people
Once the game was over, Trump tried to align with the spirit of the industry, seizing the moment to echo the popular crypto mantra “never selling his bitcoin”. However, his follow-up- “I don’t know whether it is correct or not.” Who knows? ” – Crypto officials were like a splash of cold water, making it feel like a rhetoric to please the crowd compared to a real belief, as he used to say what was really right without hugging the idea.
https://twitter.com/IntangibleCoins/status/18984988055555555555555555555555555555555555555555555555555555555555
The rest of the 20-minute of the summit, the media-accessible part was dedicated to the same subject: thanks Trump for the desire to take interest in cryptocurrency.
The attachment of gratitude with David Sachs began, sitting to the left of Trump, who said, “We are here due to the love of our newcomers-or, as you can say, high-IQ people.” After the sacks, Treasury Secretary Scott Besant, Commerce Secretary Howard Lutynik, head of small business administration, Kelly Lofler, and House Majority Whip Tom Emper followed with their comments.
Once high-profile but massive non-crypto figures ended, it was time for Crypto industry officials to express their praise for the summit.
https://twitter.com/coinage_media/status/189812092336363807283
When Sachs opened the floor for the comments, the CEO of the coinbase, sitting on only two seats from Trump, indicated that he wanted to speak but was completely ignored. Instead, Sachs directed one of the Vinklevos twins – without remembering which one – who joked a year ago, thought he thought “he was more likely to end in jail than the White House.”
When the Vinkalwos twins are finished, Trump again asked if someone wanted to speak. Armstrong once again raised his hand, only ignored again as the founder of the Chanlink was changed from Sergei Nazrov instead of Trump.
Industry response
Despite the positive sentiment among the authorities, the broad crypto community was left uncertain, at least to say.
Due to no transparency about what was discussed behind the closed doors, the White House Crypto Summit failed to meet the high expectations of retail investors. The participation of US President Donald Trump did not release a market rally, which caused many disappointment, as the Crypto.NUS reported earlier.
A bibit analytics report, produced with block scoles, also mentions that when Trump’s “Crypto Strategic Reserve” increased the prices of some cryptocurrency spots, the funding rates remained stable and not reached the extreme level, indicating that the market needs to be a strengthening promotion. “
