RECAP: White House Crypto Meeting — August 19, 2026
President Trump hosted top crypto and finance leaders at the White House today ahead of the first-ever CFTC Innovation Advisory Committee meeting, framing it as a milestone for U.S. digital asset leadership.
Key takeaways:
• Trump declared "we ended the war on crypto once and for all," crediting his administration with reversing what he called Biden-era regulatory attacks on innovation.
• He reaffirmed his executive order banning a U.S. central bank digital currency (CBDC).
• The U.S. Strategic Bitcoin Reserve remains a "permanent asset" of the Treasury, alongside a separate Digital Asset Stockpile holding other cryptocurrencies.
• Marking its first anniversary, Trump touted the GENIUS Act for driving "widespread adoption of dollar-backed stablecoins."
• On global competition, Trump claimed the U.S. is "way ahead" of China in AI and crypto — while confirming Chinese President Xi Jinping will visit the U.S. on September 24, with AI likely on the agenda.
• SEC Chair Paul Atkins and CFTC Chair Michael Selig were praised for their leadership, alongside Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.
• Executives from Coinbase, Ripple, Robinhood, Gemini, and Nasdaq attended, ahead of Thursday's Innovation Advisory Committee's first formal session.
The meeting sets the stage for deeper policy discussion Thursday, with crypto asset regulation, AI, and prediction markets all on the committee's agenda.
Telegram | Twitter
President Trump hosted top crypto and finance leaders at the White House today ahead of the first-ever CFTC Innovation Advisory Committee meeting, framing it as a milestone for U.S. digital asset leadership.
Key takeaways:
• Trump declared "we ended the war on crypto once and for all," crediting his administration with reversing what he called Biden-era regulatory attacks on innovation.
• He reaffirmed his executive order banning a U.S. central bank digital currency (CBDC).
• The U.S. Strategic Bitcoin Reserve remains a "permanent asset" of the Treasury, alongside a separate Digital Asset Stockpile holding other cryptocurrencies.
• Marking its first anniversary, Trump touted the GENIUS Act for driving "widespread adoption of dollar-backed stablecoins."
• On global competition, Trump claimed the U.S. is "way ahead" of China in AI and crypto — while confirming Chinese President Xi Jinping will visit the U.S. on September 24, with AI likely on the agenda.
• SEC Chair Paul Atkins and CFTC Chair Michael Selig were praised for their leadership, alongside Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.
• Executives from Coinbase, Ripple, Robinhood, Gemini, and Nasdaq attended, ahead of Thursday's Innovation Advisory Committee's first formal session.
The meeting sets the stage for deeper policy discussion Thursday, with crypto asset regulation, AI, and prediction markets all on the committee's agenda.
Telegram | Twitter
JUST IN: 🇬🇧 U.K public company The Smarter Web Company disclosed the purchase of 35 Bitcoin, bringing their total holdings to 2,747 BTC 🚀
Source: https://x.com/BitcoinMagazine/status/2095157523590369364
Source: https://x.com/BitcoinMagazine/status/2095157523590369364
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AMAZING: 🟠 Tether & QVAC are investing into AI inclusion for the hundreds of millions of people in Africa that today are left behind.
Hausa, Yoruba, Swahili, Amharic, Zulu: widely spoken, and in AI still an afterthought. Open-source AI moved fast on the languages that already filled the internet, and left much of the world out of the revolution it started.
Today QVAC releases TranslatePsy-AfriSLM: open-source translation models for 19 African languages, running on the phone people already own.
Source: https://x.com/qvac/status/2095144809405313167
Hausa, Yoruba, Swahili, Amharic, Zulu: widely spoken, and in AI still an afterthought. Open-source AI moved fast on the languages that already filled the internet, and left much of the world out of the revolution it started.
Today QVAC releases TranslatePsy-AfriSLM: open-source translation models for 19 African languages, running on the phone people already own.
Source: https://x.com/qvac/status/2095144809405313167