President Trump is set to host cryptocurrency executives at the White House on Friday in a crypto summit that may provide insight into the administration’s digital assets agenda. Expected attendees include the CEOs of Coinbase (COIN), Crypto.com, Robinhood (HOOD), Exodus (EXOD), and the chair of Strategy (MSTR), formerly MicroStrategy, according to Trump’s AI & Crypto Czar David Sacks. Trump is expected to speak at the event and recently suggested the U.S. could launch a strategic crypto reserve comprising bitcoin and four other tokens. He emphasized elevating the industry and making the U.S. the “Crypto Capital of the World” on his Truth Social platform. Bitcoin’s price surged post-Trump’s election, reaching over $109,000 by his inauguration week, but has since dropped amid economic uncertainty, recently trading below $91,000. Trump has promoted a pro-crypto image, appointed crypto-friendly figures to key positions, and participated in the crypto business, including launching meme coins with First Lady Melania Trump. — news from Investopedia
