RECAP: White House Crypto Meeting — August 19, 2026
President Trump welcomed leading figures from crypto and finance to the White House ahead of the inaugural CFTC Innovation Advisory Committee meeting, calling it a pivotal moment for American leadership in digital assets.
Highlights:
• Trump announced, "We ended the war on crypto once and for all," blaming Biden-era policies for stifling innovation and crediting his administration with reversing course.
• He reaffirmed his executive ban on a U.S. central bank digital currency (CBDC).
• The U.S. Strategic Bitcoin Reserve is now a "permanent asset" of the Treasury, joined by a new Digital Asset Stockpile holding additional cryptocurrencies.
• Trump celebrated the first anniversary of the GENIUS Act, touting its role in advancing dollar-backed stablecoins.
• On global competition, he claimed U.S. dominance over China in AI and crypto—while confirming President Xi Jinping’s visit on September 24, with AI expected to be discussed.
• Praise went to SEC Chair Paul Atkins, CFTC Chair Michael Selig, Treasury Secretary Scott Bessent, and Commerce Secretary Howard Lutnick.
• Executives from Coinbase, Ripple, Robinhood, Gemini, and Nasdaq attended ahead of Thursday’s committee kickoff.
The stage is set for deeper discussions on crypto regulation, AI, and prediction markets. #CryptoPolicy #DigitalAssets #GENIUSAct #CFTC #Stablecoins
Crypto News
August 19, 2026 414
