No major announcements from President Trump or others at US Cryptocurrency Summit

On the 7th, the first cryptocurrency summit in the United States was held at the White House. At the summit, it was announced that "FIFA Coin" will be issued to commemorate the FIFA World Cup to be held in the United States in 2026.

Stablecoin regulations were also clarified and the possibility of the US government using them was also mentioned. President Trump stated, "I would like to sign the bill by August when Congress recesses," making clear his positive stance on the establishment of stablecoin regulations.

In addition, the results of the accelerated development of regulations regarding crypto assets since President Trump's inauguration were also emphasized. Furthermore, in relation to the creation of the Bitcoin (BTC) Reserve, which was recently signed, he mentioned, "It is very foolish that the US government has been selling the Bitcoin that it has seized up until now." In the future, "We have a policy of never selling Bitcoin," and showed a stance of defending the cryptocurrency industry.

While emphasizing a positive stance toward the industry, he did not mention the possibility of additional Bitcoin purchases in the Bitcoin Reserve or details regarding the digital asset reserve, which is expected to be composed of altcoins and other assets. In addition, since there was no specific mention of additional measures regarding cryptocurrencies, there is a growing view in the market that the Cryptocurrency Summit fell short of expectations.

On the 6th, President Trump signed an executive order on the creation of a Bitcoin reserve and a digital asset reserve, which he had pledged to create.

The Bitcoin reserve is set to be created "without imposing additional costs on U.S. taxpayers," and is based on Bitcoins already held in criminal or civil asset forfeiture proceedings. Therefore, at this stage, there will be no additional purchases of Bitcoin. However, President Trump hinted at considering purchasing additional Bitcoin at the Cryptocurrency Summit, so it is possible that he may acquire Bitcoin in some way in the future.

There had been high expectations for the establishment of a 1 million BTC Bitcoin reserve in conjunction with the additional purchase of Bitcoin proposed by Republican Senator Cynthia Lummis, so the content of the order signed this time seems to be at odds with market expectations. However, President Trump and Senator Lummis have had some divergences in their thinking for some time, so the content of this order can be seen as a given.

In addition, no specific stocks were mentioned for the digital asset reserve, and a strategy will be formulated in the future.

The announcement positioned Bitcoin as "digital gold" and announced a policy of the U.S. government not selling it. Furthermore, it emphasized its previous stance that "the United States must be a leader in the field of crypto assets," and indicated that the U.S. government will continue to be actively involved through the development of regulations.

Reference:White House Announcement
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