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Now A Believer, Trump Hosts White House Crypto Summit

9 0
yesterday

Donald Trump on Friday hosts top cryptocurrency players at the White House, a political boost for an industry that has struggled to gain legitimacy -- and where the Republican president faces conflict of interest concerns.

US crypto investors were major supporters of Trump's presidential campaign, contributing millions of dollars toward his victory in hopes of ending the Biden administration's deep skepticism toward digital currencies.

Trump also has significant financial ties to the sector, partnering with exchange platform World Liberty Financial and launching the "Trump" memecoin in January, as did his wife Melania.

The president's "crypto czar", Silicon Valley investor David Sacks, has invited prominent founders, CEOs and investors along with members of a Trump working group, to craft policies aimed at accelerating crypto growth, and providing legitimacy that the industry has long........

© International Business Times