Today in crypto, the White House Crypto Summit marked a historic event, as President Donald Trump emphasized a major policy shift that positions crypto at the center of U.S. economic strategy. Trump announced intentions to convert the previously oppressed crypto industry into a hub for blockchain innovation. According to Kris Marszalek, CEO of Crypto.com, the summit was a significant day at the White House. The U.S. Office of the Comptroller of the Currency (OCC) also reduced regulatory burdens on banks concerning crypto activities. They confirmed that banks can now engage in crypto-asset custody and other activities without prior supervisory nonobjection, easing previous restrictions. Meanwhile, White House crypto czar David Sacks highlighted Bitcoin's value as a scarce digital asset, suggesting it should be treated as a long-term reserve for the U.S. government. He called for a full audit of government-held cryptocurrencies to enhance their safeguarding and strategic usage. These developments signal a transformation in the regulatory landscape of cryptocurrencies in the U.S.

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