Crypto executives descend on DC for a victory lap — and to give Trump a round of applause
CNN
The crypto industry is buzzing ahead of Friday’s White House summit on digital assets.
The crypto industry is buzzing ahead of Friday’s White House summit on digital assets. That’s a sentence that would have been laughable just a couple of years ago. Crypto kingpins rubbing elbows with the president and the head of the Securities and Exchange Commission? Hogwash! Regardless of what you think about their products, there’s no denying that the onetime financial pariahs have come a long way. No White House in the past 15 years, including Trump 1.0, treated crypto as a legitimate industry, let alone one worthy of a fancy summit. But $130-million-plus in political action committee spending later, here we are. Friday’s meeting, starting at 1:30 p.m. ET, will bring together a tight-knit circle of crypto elite, including Coinbase CEO Brian Armstrong and billionaire tech entrepreneur/bitcoin hype man Michael Saylor, among others. From the White House, count on seeing the venture capitalist and Trump crypto czar David Sacks, digital assets task force leader Bo Hines and acting chairman of the SEC Mark Uyeda. The meeting is, in part, a victory lap for an industry that feels as if it’s been brought in from the financial wilderness. And it’s an opportunity for executives to pay homage to the man who’s clearing their path.
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