President Trump’s first White House Crypto Summit is underway, featuring top industry leaders including Coinbase CEO Brian Armstrong, Kraken CEO Arjun Sethi, MicroStrategy’s Michael Saylor, and Robinhood’s Vlad Tenev. The summit is expected to address the U.S. Bitcoin Reserve, crypto regulations, and industry growth.

3:50 PM ET: At the White House Crypto Summit, the FIFA World Cup trophy was presented, adding a global touch to the high-profile gathering. As discussions on digital assets unfolded, President Donald Trump commented on the idea of a FIFA Coin, saying, "It could be quite a coin."

3:52 PM ET: Trump says "never sell your Bitcoin" and says he has kept all his promises. Trump reads his crypto executive order.

Trump addressed Operation Chokepoint 2.0, blaming the Biden administration for waging a war on crypto.

"We are ending Operation Chokepoint 2.0," Trump declared, acknowledging the damage it caused. "Some people really suffered," he added, criticizing how regulators only softened their stance on crypto when election season approached. "In the end, they came around—but only for votes."

3:57 PM ET: David Sacks thanks President Trump for his speech, reflecting on the challenges the crypto industry has faced. He emphasizes how the sector was "attacked" under previous policies and declares, "Trump is fighting for what's right."

Scott Besant, U.S. Treasury: "Biden did nothing but punish tech innovators in the U.S. We assure you, we will work with the IRS and put a lot of thought into the stablecoin regime."

4:05 PM ET – Tom Emmer Thanks Trump, Calls It "Unprecedented"

House Majority Whip Tom Emmer took the stage to praise President Trump for hosting the first-ever White House Crypto Summit, calling it an unprecedented moment in U.S. history.

"Nobody has done this before," Emmer said. "It's a credit to President Trump for making this happen."

He noted that Americans are going crazy for this, celebrating the administration's shift toward embracing digital assets. "People love it," he added, signaling strong enthusiasm for Trump’s pro-crypto stance.

The room erupted in applause as Emmer acknowledged the growing momentum behind Bitcoin and blockchain adoption in the U.S.

4:05 PM ET – Trump says U.S. must lead in crypto like AI

President Trump noted the importance of U.S. dominance in crypto, comparing it to the race for AI supremacy.

"It’s important we stay in front of this one. We should be in the lead, just like we are in AI," Trump said.

He pointed to China’s growing influence in digital assets, warning that the U.S. must not fall behind. "China is taking the lead, and we don’t want that. We need to stay ahead."

Trump called the summit a historic moment, telling attendees: "This is a very important day in your life."

Trump's remarks were ended, media wasn't allowed to ask questions.