President Trump hosted a significant crypto summit at the White House, gathering key industry figures amidst a background of shifting federal policies on cryptocurrency. This meeting, which included prominent executives like the Winklevoss twins of Gemini, highlights Trump's support for an industry that has faced substantial regulatory challenges. Under Trump's administration, the SEC is relaxing its regulatory stance, diverging from previous crackdowns initiated under Biden, which has led to the dropping of several major investigations against crypto firms like Coinbase and Kraken.
Sitting beneath a portrait of Abraham Lincoln, more than two dozen of the most powerful figures in the U.S. cryptocurrency industry gathered in the White House for an audience with President Trump.
Mr. Trump was holding a first-of-its-kind crypto summit, meeting face to face with the leaders of virtually all of the top crypto companies in the United States.
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