Trump’s Crypto Summit – Big Talk, Few Detail
Donald Trump gathers crypto industry elites to discuss digital assets and a U.S. Bitcoin reserve.
White House crypto czar David Sacks says a government-owned Bitcoin stockpile "should have been done long ago."
Sacks confirms no taxpayer funds will be used to acquire digital assets, easing some concerns.
Officials assure that existing safeguards will protect investors in the volatile crypto market.
The summit lacked concrete plans on how the U.S. would expand its digital asset holdings.
Some had hoped for a commitment to new token purchases, but left with uncertainty.
Following the summit, Bitcoin fell 3.4%, trading at $86,394 amid market disappointment.
While some welcomed government interest, others wanted stronger commitments on crypto adoption.
Will Trump take more action on Bitcoin? The crypto world watches closely! 👀
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