The White House is preparing for the first coding summit on Friday, and the largest names in this industry are competing for an invitation. The summit, led by artificial intelligence, and Crypto CZAR DAVID SACKS, replaces the “Cryotation Council” that has now ended that has now been terminated by former President Donald Trump.
Official invitations began to leave on Tuesday, with the assertive attendees like Strategy Michael Silor, Kyle Samani of Multicoin Capital, and Matt Huang from Paradigm. Even the CEO of Robinhood Vlad Tenev has disturbed that there would be, along with Coinbase and Kraken, who said that the executives, Brian Armstrong and Argon Seathi would attend. The White House summit is expected to be a major forum to form future encryption regulations.
The limits of the exclusive summit attending the White House transformations, the encryption strategy
according to ReportsThe White House Crypto Summit will be a smaller guest list than expected to include government officials from the presidential work group on digital assets. A larger reception was planned nearly to those who have not been invited to the round table.
In the midst of internal fighting within the industry and overwhelming demand for seats, the Trump administration occupied a more permanent encoding board. Instead, the White House will assemble the encrypted peaks periodically to meet the leaders.
With critical organizational decisions on the horizon, the event is seen as a sign of things that will come to the administration approach in digital assets.
Silor pays Bitcoin as institutions and states enhance investments
Michael Sailor recently called on the United States to embrace Bitcoin as a strategic reserve, describing it as “the greatest economic program in the twenty -first century.” Silor also said that the ownership of the United States of 10-20 % of Bitcoin network can be used to reduce the national debt.
Although Fears regarding sustainability From the Bitcoin purchase plan, large financial institutions continue to invest in the company by purchasing shares or securities with fixed income.
According to the February 6 report (SEC), Blackrock, the largest asset manager in the world, exceeding $ 11.6 trillion of management assets, increased its strategic share to 5 %.
Blackrock file came after one day Microstrategy has been renamed to the strategy The marketing plan was adopted under the title Bitcoin to reflect its primary concentration.
Dozens of the United States, including Arizona, California, Colorado, Florida, Illinois, Louisiana, Maryland, North Carolina, New Jersey, Texas, Utah, and Wisconsin, are currently holding strategy shares as part of pension programs or treasury boxes.
The Perfection Fund for Teachers in California achieved the largest exposure of the 12 state funds, receiving nearly $ 83 million in strategy shares.
California’s public employees were backward, which runs government employees pensions and contains approximately $ 76.7 million in strategic stocks.
On February 20, the strategy announced the offer of 2 billion dollars transferred notes, which is the latest companies in companies to finance additional Bitcoin purchases.
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