President Trump’s crypto summit follows executive orders aimed at boosting an industry whose reputation has been tarnished by scandals and lawsuits.

The summit came a day after Trump issued an Executive Order announcing the creation of a federal Bitcoin reserve.

Trump used the summit to push his vision of making the US “the crypto capital of the world”, but investors wanted more than just words.

The White House hosted its first-ever “crypto summit” Friday, convening top executives from various digital asset firms to discuss the Trump administration’s commitment to rolling back the aggressive regulatory posture the Biden administration took toward the industry.

President Trump hosted the first White House Crypto Summit today with industry leaders, bringing some of the biggest names in crypto to Washington to discuss plans to roll back many of the regulations put in place by the Biden administration.