The White House held the first “Cracks Summit” on Friday, where many industrial leaders met to discuss the steps of the Trump administration towards the clarity of organizational encryption. Among the attendees, the CEO of Ripple Brad Garlinghouse, who said he was “pleased to see the amazing support from this administration.”
In x mail Late Friday, CEO formulated the time when President Trump and Caesar David Sachs spent discussing the regulatory frameworks in the manner.Weeks that you feel like months“
Ripple CEO: We need a level stadium
Garlinghouse, a lawyer against legal procedures, the Securities and Stock Exchange Committee against Ripple, according to the previous administration, said the importance of entities in the industry cooperation and stopping the composition of “one currency for another”.
“We will continue, as we have always did, to continue the need for a level stadiumHe stated. “It was great to hear others in the room echo also! The industry must gather in order to move the legislation that affects the need in the United States.“
Garinghouse concluded his message by thanking President Trump, Crypto CZAR DAVID SACKS, CEO of the White House Chamber of House for digital assets Bo Hines, and CFTC Caroline Fam for hosting a “real historical summit”.
Praise be to Trump’s leadership in encryption
After the summit, industry leaders and administration officials showed their support for the friendly Trump approach to digital assets. In the press conference speech after Summit, David Sachs He said it was an honor for me to work for a president, “working every day to accomplish a lot for the American people.”
“Your love for innovators and high intelligence people is the reason we are here“Note the bags.”You love legal fairness and no one knows what Lawfare looks better than what you do. You will fight and never retreat, even in the face of a deadly bullet. It is an inspiration for everyone in this room“
Sacks, who leads the efforts made by the current administration’s encryption policy, described the White House Trump as working as “at the speed of technology” and attributes the president forward to his promises to the digital asset industry.
President Trump has made the official character to commitment Through an executive order signed on Thursday, the directives of the Ministry of Treasury and Trade to reach neutral budget strategies to collect bitcoin and other digital assets in a national strategic reserve, without the participation of taxpayers.
“We do not want any cost of taxpayers“Trump is calculated.
The US President’s message to the encryption community
“From this day onwards, America will follow the base that every Bitcoin owner knows very well: never sells bitcoin,” Trump stressed, repeating the words he said to the American people in July 2024, at the Bitcoin Nashville conference.
He added, stopping temporarily to influence, “I don’t know if this is true or not. Who knows the right of hell, right? who knows? But so far, it was true, with modesty, let’s keep it in this way.“
The leaders of the industry who attended this event welcomed the policies of the administration, as many executives stole the organizational repression of the Biden Administration, on the pretext that they strangled innovation and targeted the digital currency in an unfair way.
“What everyone really needs at this stage is the clarity of what the scrutiny and the intensity of the organization will be, and who will be the main organizers,” said Landellet University Law Professor, Vanderllet Lesha Yadaf, to Reuters.
Tyler Winkelvos, co -founder of twinHe was taken to social media to support the issue of administration. “Yesterday was the date of making,” he books. “The first chief encryption. The top of the first encryption in the White House. We are profitable and we will continue to win until we are tired of winning – and this will never be!“
However, Washington’s encryption meeting had no significant impact on Bitcoin price as expected. The largest currency by the market is to change hands at $ 86,247, a decrease of 2 % in the last day, for each coinecko Data.
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