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US Treasury chief says plan to be put in place on acquiring crypto

Plans will be discussed about how to acquire cryptocurrency for a U.S. strategic reserve that will include bitcoin, Treasury Secretary Scott Bessent told CNBC on Friday before industry leaders meet with President Donald Trump at the White House. Bessent, in an interview, said seized crypto assets would go into the reserve first "then we'll see what the way forward is for more acquisitions for the reserve. And we're starting with Bitcoin, but it's an overall crypto reserve."

Crypto leaders meet at Trump's summit with strategic reserve in focus

(Reuters) -U.S. President Donald Trump wooed the cryptocurrency industry's elite at the White House on Friday, hosting a first-of-its-kind summit focused on his plans for a government-owned stockpile of digital assets. Trump welcomed a wide range of industry players including Zach Witkoff, one of the founders of the president's own crypto business, World Liberty Financial, his social media posts showed. In addition to top administration officials and lawmakers, guests in the White House's State Dining Room included MicroStrategy CEO Michael Saylor, Coinbase co-founder and CEO Brian Armstrong, investors Cameron and Tyler Winklevoss, and entrepreneur David Bailey.