Trump Hosts Cryptocurrency and Wall Street Executives at the White House
Donald Trump gathered digital asset and Wall Street executives at the White House on August 19, 2026, including Brian Armstrong from Coinbase and Brad Garlinghouse from Ripple, along with the chairs of the SEC and CFTC. The meeting aimed to solidify his administration's favorable cryptocurrency policy. Trump stated that the U.S. is considering purchasing significant amounts of bitcoin, although no specific amounts or purchase timeline were provided. The strategic bitcoin reserve includes assets seized by the government, estimated between 200,000 and 300,000 BTC. Trump also emphasized the need for the U.S. to maintain its leadership against China in the digital asset space. Additionally, he urged Congress to pass a fair version of the Clarity Act, which is facing delays in the Senate due to disputes over ethics and conflicts of interest. The meeting did not result in new laws or immediate bitcoin purchases but established a roadmap for future actions.
-- Price
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