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The White House Crypto Summit allegedly will not propose capital gains tax exemptions for cryptocurrency. However, the industry is waiting for the final verdict.

The idea for the U.S. digital asset stockpile is part of Trump's plans to "make sure the U.S. is the Crypto Capital of the World."

As industry leaders gathered for a White House Summit, the premier crypto emerged as a clear winner.

After a brief bout of optimism in early January, almost every top cryptocurrency is now down for the year. If you are feeling confused by all the volatility in the crypto market right now, there are three coins that should be on your radar: Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP). Combined, they can offer a lot of clues about where crypto is headed next.

An official said Trump was "just giving five examples" of cryptocurrencies that could theoretically be in a crypto stockpile.

Senior officials of the administration of U.S. president Donald Trump said in a media briefing on Friday that they view bitcoin as deserving "special treatment" as the White House forges ahead with plans to create stockpiles of digital assets. Trump signed an executive order on Thursday creating a strategic bitcoin reserve that the officials described as "a digital Fort Knox for digital gold." Fort Knox is the United States Bullion Depository, traditional home of a large part of the country's gold reserves, which takes its name from the nearby U.S. Army installation.

Garantex, a crypto exchange accused of laundering billions for criminal and terrorist organizations, was shut down by the US Department of Justice, Germany, and Finland.