The industry's reaction to the White House's first cryptocurrency summit is mixed
ChainCatcher news, FOX Business reporter Eleanor Terrett reported that for the first U.S. cryptocurrency summit held at the White House last Friday, investors and industry observers had hoped to hear specific plans from the Trump administration to make the U.S. the "crypto capital," but the summit's content remained vague, with mixed reactions.Nevertheless, attendees generally felt positive about the atmosphere of the meeting and were optimistic about the government providing more regulatory clarity in the future. Former CFTC Chairman Christopher Giancarlo commented, "This summit is clearly a way for this administration to open its arms to the industry; it's their way of saying 'you have been persecuted, and now we celebrate you.'" Ripple CEO Brad Garlinghouse bluntly stated that the attitudes of the two administrations towards cryptocurrency are completely different: "The Biden administration wants to put us in the 'big house,' while the Trump administration directly invited us to the White House."The meeting was hosted by Sacks and Hines and took place in the East Room of the White House. Before the meeting, guests also had informal networking drinks with government officials, but some officials, such as Acting Comptroller of the Currency Rodney Hood, only attended the drinks and did not participate in the formal meeting.
