Trump hosts crypto leaders at White House

Last year, I promised to make America the Bitcoin superpower of the world and crypto capital of the planet, and we're taking historic action to deliver on that promise,

Trump told the as-sembled room of executives

Cameron Winklevosstwins

We never thought that we would get attacked the way we did in our own backyard after trying to do the right thing for so many years,

Cameron Winklevoss told the meeting

Unfortunately, in recent years, the US government has foolishly sold tens of thousands of additional Bitcoin that were worth billions and billions of dollars had they not sold them,

Trump said in his opening remarks

Tony Gonzalesrepublican Representative

I am a NO on the CR. Congress needs to do its job and pass a conservative budget! CR’s are code for Continued Rubberstamp of fraud, waste, and abuse."

Tony Gonzales, R-Texas, who has voted against CRs previously, wrote on X last week

That money, most of that, has already been obligated prior to the start of this administration. So that request reflects an existing hole,

a source said

I am working with the GREAT House Republicans on a Continuing Resolution to fund the Government until September to give us some needed time to work on our Agenda."

While he has not weighed in on the specific bill, Trump posted on Truth Social this week

Republicans have decided to introduce a partisan continuing resolution that threatens to cut funding for healthcare, nutritional assistance and veterans benefits through the end of the current fiscal year,

the statement said

Conservatives will love this Bill, because it sets us up to cut Taxes and Spending in Reconciliation, all while effectively FREEZING Spending this year,

Trump wrote

The government representatives expressed that there has been a negative regime towards the crypto industry, and that regime is now coming to an end,

says Sergey Nazarov, co-founder of Chainlink, who attended the summit

I did not expect people that were so senior to be at the summit,

Nazarov says

This industry was kind of unfairly suppressed from reaching its potential in the U.S. system,

Nazarov says

Whether or not they’re motivated to trace every single victim in that case, whether victims have come forward, and whose claims have not been dealt with—that is something that's going to have to be looked at,

Yadav says

Avik Roysenior fellow and health care advisor

The people that should be in front of him are in front of him, but there are also people who shouldn't be in front of him who are in front of him,

says Avik Roy, co-founder and chairman of the think tank Foundation for Research on Equal Opportunity

Avik Roysenior fellow and health care advisor

It would have been a pretty clearly a cronyist outcome where well-connected people were able to get the government to buy their tokens without really any obvious strategic rationale for doing so,

Roy says

When crypto companies spent over a hundred million dollars in the 2024 elections, they created a new playbook for the purchase of large-scale political power in America,

Robert Weissman, co-president of Public Citizen, wrote in an email statement to TIME

Donald Trumppresident

This is a very important day in your lives,

President Donald Trump told crypto executives at the White House on March 7.

That coin may be worth more than FIFA in the end,

Trump said in response

We haven’t seen something like that before … and now we’re seeing the Trump administration move very quickly around their idea of this ‘crypto strategic reserve’,

Schaffzin said

This scandal has only served to further highlight the systemic risks surrounding crypto,

the CPA authors write

Crypto money played such an important role in the election,

Bruce Freed, CPA president, said