White House Crypto Summit: Two Attendees Share Why It Matters - Ep. 797
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The possibility for Bitcoin to be a backing and or a direct asset used by major nations to conduct commerce is real. That's not true for anything else that I'm aware of. And and just based on size, I think Bitcoin stands alone.
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. We are now featuring quotes from listeners on the show. Today, we have a comment responding to my interview with VC David Nagy, in which we discussed which assets belong in a crypto reserve. On YouTube, Lou Mirra seven one eight three said, quote, define the centralized, please. Is it being a whale or is the consensus slash validation method the blockchain uses? To have your comment featured, write a review of the podcast overall or leave a comment on our video on YouTube or x. This is t
to be with you, Laura. Good
to see you again.
Last week, I think everyone in crypto got multiple instances of whiplash. On Sunday, March 2, president Trump posted on Truth Social, quote, my executive order on digital assets directed the presidential working group to move forward on a crypto strategic reserve that includes XRP, SOL, and ADA, end quote. That's kind of funny because he had actually not ordered that in the executive order. Regardless, the prices of those assets did spike upwards. But two hours later, he posted, and obviously, BTC and ETH as other valuable cryptocurrencies will be the heart of the reserve. I also love Bitcoin
Mike, you wish to go first? Sure.
Well, look, it was it was a good meeting. I mean, I think in in most respects, it's really a culmination of a lot of work that's been going on over the last few years, and then finally having an administration that's, like, ready to start discussing these things. So, you know, they've just assembled a new team. They moved incredibly fast. Actually, one of the thing that multiple people there noted is they're moving at a speed which it it's really surprising everybody, which is great. And then the initial pieces are like, okay. Which directions are we going in? And then following that, of cours
You know, Laura, I I I think the way people need to view the summit, it was really a statement meeting by the White House. It wasn't a meeting to actually formulate policy or dwell into, say, some new policy announcements. That's not what its intention. When when those meetings take place, they're often in the West Wing in in some of the cubbyhole meeting rooms there or if once fortunate enough to take place in the Oval Office. This was quite different. We met in the residence in the official state Dining Room. The the the the, guests hosted were treated to all of the pomp and circumstance tha
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