The first summit of Trump’s crypto has participants ready to put pressure for the regulations

Now that President Trump has announced plans for a strategy Bitcoin Reserve and cryptography leaders can focus on what they want to hear the new administration on Friday.

Just over six weeks after his second mandate from the White House, Trump organizes his first crypto summit, a nod to an industry that played a major role in his electoral victory in November. No executive was no longer at the heart of this effort that Jamming CEO Brian Armstrong.

Once a Silicon Valley entrepreneur focused on the integration of the world into digital active ingredients, Armstrong spent last year transforming himself into a crypto ambassador to Washington, DC, by channeling millions in elections, by building alliances and ensuring that the digital currency market has a seat at the table.

“My goal by participating in this is really fair, first of all, to thank President Trump for helping the world capital of cryptography in the United States,” Armstrong told CNBC before the meeting. “I think he is up to this campaign promise so far, and we have seen a lot of work doing here positively.”

Join Armstrong at the summit on Friday, led by the AI ​​of the White House and the Tsar Crypto David Sacks, will be Strategy President Michael Saylor, Robin CEO Vlad Tenev and Sergey Nazarov de Chainlink, among others. They plan to discuss the regulation of digital assets as well as the mechanics of the Bitcoin Strategic Reserve, which Trump announced Thursday Thursday by the decree.

Armstrong, whose company has helped the cryptography sector to raise and lead $ 250 million in the 2024 electoral cycle, exceeding banks of Wall Street and the petroleum industry, helped shape the approach of the new administration of digital assets. The crypto push to overthrow opposition legislators and install pro-Crypto candidates has generously paid, overthrowing key seats and cementing the sector as a major political force in Washington.

Several million dollars have been sent directly to Trump’s campaign and the inaugural fund, a sign of the quantity of driving on its victory.

At the top of Friday, Armstrong claims that his top priority will advance new laws.

“From our point of view, the next stage in the United States is the most urgent, is that the legislation is adopted,” he said. He specifically underlined the regulation of stablescoin and broader reforms of the market structure.

The momentum for regulatory clarity already moves in favor of cryptography. The Senate voted this week, with strong bipartisan support, to overthrow two regulations of the Biden era to which industry opposed. Senator Ted Cruz, R-TX, described the victories a bridge for more complete legislation.

For Sergey Nazarov, co-founder of Chainlink, a key problem is how the United States can use Blockchain technology to maintain its domination in global finance.

“Really what matters to financial systems are the assets,” said Nazarov, whose company provides a platform based on blockchain for digital assets. “Do the United States generate the largest collection of the best basic assets which are then wrapped, rewritten and reconditioned by others? This is how I define the world leadership of a financial system in this new model.”

Nazarov said the United States must ensure that the main financial markets – Treasury bills, investment funds and real estate – are token. He considers this as the determining financial change of the next 50 years, similar to the transition from paper markets to financial products on the Internet.

Robinhood’s Tenev has become one of the most vocal defenders in tokenization, arguing that blockchain technology can democratize private markets and decompose obstacles to investment in the most precious businesses in the world. In an editorial by Washington Post, he stressed that companies like Openai, Spacex and Stripe are worth hundreds of billions of dollars combined but remain inaccessible to daily investors, with concentrated profits from a small group of initiates.

“Cryptography technology can unlock new ways of negotiating and investing in all assets, from digital to the real world,” he told CNBC before the event. “The tokenization will transform the investment, but we need regulatory clarity to get there.”

Under the current dry rules, only accredited investors, people with more than a million dollars in net value or $ 200,000 in annual profit, can participate in private markets. Tenev says that the reform of these obsolete rules and the creation of a security token registration framework would equalize the rules of the game for retail investors, giving them access to high-growth opportunities that have long been reserved for venture capital.

Before Thursday’s decree, the great debate in the industry was what type of strategic reserve that Trump would offer. The announcement puts speculation as to whether the reserve would include several cryptocurrencies. While Trump’s initial post on social social worker named five tokens – Bitcoin, ether,, XrpSolara GROUND Token and Cardano ADA COIN – The final order limits the Bitcoin reserve.

Sol, Ether and Bitcoin all dropped around 5% Thursday evening, while ADA plunged almost 12%.

The order marks the first official recognition of the American government of Bitcoin as a strategic asset. The reserve will be funded exclusively through the Bitcoin seized in cases of criminal and civil confiscation, guaranteeing taxpayers no financial burden.

Non -bitcoin active ingredients will be placed in a separate digital stock stock managed by the Treasury Department.

Nic Carter of Castle Island Ventures said that the decision cements the status of bitcoin as a global intake, “somewhere in the field of gold”.

The CEO of Digital Anchorage, Nathan McCauley, who will also be at the top of Friday, called the development “a huge moment for the crypto and American leadership on the world”.

“By holding Bitcoin and other long -term digital assets, the White House adopts a future approach to strengthen American economic competitiveness – not only for the decade in advance, but for the next century,” said McCauley.

For David Bailey, CEO of BTC Inc. and one of the key characters credited for having influenced the embrace of Bitcoin Trump, the priority is to understand the size of the Bitcoin of the country.

“One is to understand how Bitcoin America has, and what we can do as an industrial to help the government secure it,” he said.

The Treasury Department must now make a complete audit of government assets, estimated at 200,000 bitcoin. Sacks confirmed that the government would not sell any reserve bitcoin, positioning it as a permanent value store.

Bailey, who convinced Trump to dismiss the biggest Bitcoin conference of the year in Nashville in July, also put pressure for cash bitcoin bonds, arguing that Bitcoin integration into the American debt system could strengthen the country’s assessment and attract more buyers.

“If we mix Bitcoin reserves with American obligations, we could create a significant demand by giving investors an exposure to Bitcoin performance,” he said.

Armstrong told CNBC that Coinbase would intensify “absolutely” to be a cryptography guardian for the government in the context of a national reserve, adding that society is already working with various parts of the government on the guard and the trade in cryptography.

“We are always happy to continue doing this,” said Armstrong.

Ryan Gilbert, a Fintech investor, said the reserve will send a strong message to the institutions that Bitcoin is there to stay.

“We also note that it will be the mirror image of many companies that have examined their treasury bills and have started to invest in Bitcoin,” he said, pointing Saylor and the strategy as early adopters. “I think that will arouse a whole new wave of confidence in the assets, both societies and the American government.”

Saylor’s company has raised a reserve of around $ 43 billion in Bitcoin, representing almost all of its market capitalization.

“I think this decree is well taken into account and auspicious for the United States, the cryptography and bitcoin industry,” Saylor told CNBC.

The move faces a pressure from the Democrats. The Senator of Massachusetts, Elizabeth Warren, the best democrat of the senatorial banking committee, sent a letter to bags before the meeting, which raises concerns of conflict of interest and wondering if the bags had a prior knowledge of the social post of Trump’s truth which initially launched a multi-corpoint strategic reserve.

Warren called on bags to disclose financial assets in Bitcoin, Ether, Solana and other assets included in the reserve, noting that his company, Craft Ventures, was strongly invested in these tokens across January 1. She also put pressure for the public disclosure of her government ethics files.

Sacks said this week on X that he had sold “all my cryptocurrencies and my Crypto-centered funds” before joining the administration.

After the summit, many participants will regroup during an event outside the record organized by Coinbase, as well as guest members of the administration. Armstrong is preparing to play the long match.

“The fight for crypto here is more urgent than ever,” said Armstrong. “If the United States leads to this front, I think the rest of the G20 could be quite inspired, and that has a lot of domino effects downstream.”