The White House hosted its first-ever "crypto summit" Friday, convening top executives from various digital asset firms to discuss the Trump administration's commitment to rolling back the aggressive regulatory posture the Biden administration took toward the industry.

Trump used the summit to push his vision of making the US “the crypto capital of the world”, but investors wanted more than just words.

President Trump’s crypto summit follows executive orders aimed at boosting an industry whose reputation has been tarnished by scandals and lawsuits.