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International Business Times
International Business Times
Business

Now A Believer, Trump Hosts White House Crypto Summit

US President Donald Trump has significant financial ties to the cryptocurrency sector, partnering with exchange platform World Liberty Financial and launching the 'Trump' memecoin in January (Credit: AFP)

Donald Trump on Friday hosts top cryptocurrency players at the White House, a political boost for an industry that has struggled to gain legitimacy -- and where the Republican president faces conflict of interest concerns.

US crypto investors were major supporters of Trump's presidential campaign, contributing millions of dollars toward his victory in hopes of ending the Biden administration's deep skepticism toward digital currencies.

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