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.

The White House hosts a summit with cryptocurrency leaders, including Michael Saylor and Zach Witkoff, to discuss President Trump's vision of making the U.S. the 'crypto capital of the world.' A strategic reserve of bitcoin and other coins is expected to be a focal point of the discussion.

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