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Title: White House Crypto Summit Summary!
A historic event took place at the White House recently, where top crypto industry leaders gathered to discuss the future of cryptocurrency and digital assets in the US financial system. This summit was a significant milestone for the crypto sector as it showcased the government’s growing commitment to embracing cryptocurrencies.
Michael Saylor, the former Strategy CEO, presented three key points on potential growth in the crypto space:
$20 trillion from digital securities entering the stock market
$10 trillion from digital currencies going into U.S. Treasuries
$20 trillion growth in long-term capital assets
Saylor also emphasized that the US government should purchase up to 25% of Bitcoin, citing the potential for the Treasury to earn an estimated $81 trillion by 2045.
In addition, Saylor called for fair treatment and regulation in the crypto space. He requested an end to unfair enforcement actions against crypto companies based on unnecessary rules, as well as removing “hostile tax policies” and debanking measures. Furthermore, he urged the government to grant banks authority to offer Bitcoin custody services and eliminate restrictive regulations.
Sergey Nazarov, co-founder of Chainlink, attended the event and praised it as a historic moment for the crypto industry. He emphasized that top industry leaders shared their insights on cryptocurrency reserves, regulation, legislation, and the sector’s potential evolution within the US financial system. Nazarov noted the presence of key government officials like Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, along with former President Donald Trump.
Trump has been actively supporting the crypto industry as a means to boost the struggling economy. The event also featured the participation of Czar David Sacks and Bo Hines, who have shown an understanding of the crypto space and are working to shape crypto policies that promote adoption in the US jurisdiction.
After this summit, Coinbase CEO Brian Armstrong expressed his optimism regarding the renewed growth in the US economy and the potential for Coinbase to hire nearly 1,000 new crypto talent employees.
In conclusion, this historic event marked a significant step forward for the crypto industry.
Source: https://bitcoinik.com/white-house-crypto-summit-summary/
