The industry has had mixed reactions to the White House's inaugural crypto summit

BlockBeats News, on March 11, FOX Business reporter Eleanor Terrett posted that for the first White House cryptocurrency summit held last Friday, investors and industry observers had hoped to hear the Trump administration’s specific plan to make the United States a “crypto capital”, but the summit content was still general and had mixed reactions. Nonetheless, attendees were generally positive about the atmosphere and were optimistic about the government’s ability to provide more regulatory clarity in the future. Former CFTC Chair Christopher Giancarlo commented: “This summit is clearly a way for this administration to welcome the industry with open arms, and it’s a way for them to say, ‘You’ve been persecuted, and now we’re celebrating you.’” Ripple CEO Brad Garlinghouse bluntly said that the two administrations have very different attitudes towards cryptocurrency: “The Biden administration wants us to go to ‘jail’, and the Trump administration directly invites us to the White House.” The meeting, chaired by Sacks and Hines, was held in the State Banquet Room of the East Wing of the White House. The meeting was preceded by an informal reception with government officials, but some officials, such as Acting Comptroller of the Currency Rodney Hood, attended only the reception and did not participate in the formal meeting.