On Friday, Chainlink co-founder Sergey Nazarov attended the first-ever White House Crypto Summit where a select group of digital asset industry leaders joined President Trump, cabinet officials, and lawmakers to advocate for American leadership in the global blockchain economy.
“This will be a virtual Fort Knox for digital gold,” Trump said of his new executive order to establish a strategic Bitcoin reserve and digital asset stockpile. The order effectively prohibits the U.S. government from selling Bitcoin obtained through criminal and civil asset forfeiture.
“From this day on, America will follow the rule that every Bitcoin [holder] knows very well: never sell your Bitcoin.”
The order also promotes new pathways to accumulate additional Bitcoin for the reserve at no additional cost to taxpayers.
The President expressed support for new stablecoin and market structure legislation, describing stablecoins as a “tremendous opportunity for economic growth and innovation in our financial sector.”
White House AI and crypto czar, former PayPal COO David Sacks, underscored the new administration’s agenda to introduce a golden age in America that includes digital assets.
“We’re going to position the United States as a leader among nations in the digital assets strategy,” added Treasury Secretary Scott Bessent. “We are going to keep the U.S. the dominant reserve currency in the world and we will use stablecoins to do that.”
“I’m very grateful that finally there’s been a new level of common sense and an adoption of these ideas,” said Nazarov, who attended the Inaugural Crypto Ball and has since met with Chairman of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, Bryan Steil, and Counselor to the Secretary of Treasury for Digital Assets, Tyler Williams, to discuss American blockchain policy.
“Crypto, blockchain, and web3 infrastructure is the next iteration of the financial system and I think that the U.S. should have its leadership position continue. I’m just overjoyed to see this and I think it is a big part of how the U.S. can continue its role in the global financial system.”