The president had called cryptocurrency a “scam” but during his campaign last year he was persuaded of its value, especially as an investment for the Trump family.

The first-of-its-kind event at the White House with top crypto executives showcased the president’s embrace of the once-renegade industry.

The cryptocurrency market roared into March full of optimism, recouping some of the losses from the asset class’s worst month since 2022, after President Donald Trump once again talked up his plan for a strategic crypto reserve.