At a first-of-its-kind crypto summit at the White House, President Donald Trump pledged to make U.S. the global leader in Bitcoin (CRYPTO: BTC) and digital assets, signaling his administration's full embrace of the cryptocurrency industry.

President Trump’s first White House Crypto Summit is underway, featuring top industry leaders including Coinbase CEO Brian Armstrong, Kraken CEO Arjun Sethi, MicroStrategy’s Michael Saylor, and Robinhood’s Vlad Tenev.

President Donald Trump said Friday he’s committed to making the U.S. a world leader in cryptocurrencies as industry leaders heaped praise on him for reversing what they said had been unfair attacks on digital assets by the previous administration.