Now that President Trump has announced plans for a Strategic Bitcoin
Reserve, crypto industry leaders can focus on what else they want to hear from the new administration on Friday.
Just over six weeks into his second White House term, Trump is hosting his first Crypto Summit, a nod to an industry that played a major role in his election victory in November. No executive was more central to that effort than Coinbase
CEO Brian Armstrong.
Once a Silicon Valley entrepreneur focused on onboarding the world to digital assets, Armstrong has spent the last year transforming himself into crypto’s ambassador in Washington, D.C., funneling millions into elections, building alliances, and ensuring the digital currencies market has a seat at the table.
“My goal in attending this is really just, first of all, to thank President Trump for helping make the United States the crypto capital of the world,” Armstrong told CNBC ahead of the meeting. “I think he’s lived up to that campaign promise so far, and we’ve seen a lot of work getting done here in a positive way.”
Joining Armstrong at Friday’s summit, which is being led by White House AI and Crypto Czar David Sacks, will be Strategy
Chairman Michael Saylor, Robinhood
CEO Vlad Tenev, and Chainlink’s Sergey Nazarov, among others. They’re planning to discuss digital asset regulation as well as the mechanics of the Strategic Bitcoin Reserve, which Trump announced late Thursday by way of executive order.
Armstrong, whose company helped the crypto sector raise and direct $250 million into the 2024 election cycle, outpacing Wall Street banks and the oil industry, has been instrumental in shaping the new administration’s approach to digital assets. Crypto’s push to unseat opposition lawmakers and install pro-crypto candidates paid off handsomely, flipping key seats and cementing the sector as a major political force in Washington.
