Here’s what happened in crypto today

Today in crypto, Michael Saylor advocates for an aggressive US government approach to Bitcoin accumulation, the Bitcoin community shares mixed reactions to White House Crypto Summit, the White House Crypto Summit marked a “truly historic day at the White House,” according to Crypto.com CEO Kris Marszalek.

Michael Saylor pushes US gov’t to purchase up to 25% of Bitcoin supply

Strategy founder Michael Saylor has proposed that the United States government aims to acquire up to 25% of Bitcoin’s total supply over the next decade for its Strategic Bitcoin Reserve.

“Acquire 5-25% of the Bitcoin network in trust for the nation through consistent, programmatic daily purchases between 2025 and 2035, when 99% of all BTC will have been issued,” Saylor wrote in a document titled “A Digital Assets Strategy to Dominate the 21st Century Global Economy.” 

Saylor presented the document to US President Donald Trump, government executives, and global crypto leaders at the White House Crypto Summit on March 7.

He explained that the government should stick to a “Never sell your Bitcoin” policy, predicting that by 2045, the Strategic Bitcoin Reserve could generate over $10 trillion annually, and serve as a “perpetual source of prosperity” for Americans.

Bitcoin community has mixed reactions to White House Summit

The Bitcoin (BTC) community voiced mixed reactions to the recent White House Crypto Summit, with some calling the event underwhelming and others characterizing the summit as a historic milestone for digital assets.

Retail investors and Bitcoin maximalists tended to have a more critical view of the Trump administration’s first White House Crypto Summit.

“The White House ‘crypto summit’ is a gathering of rent-seeking lobbyists pushing state-approved surveillance tokens,” BTC maximalist Justin Bechler wrote on X.

However, institutional investors and asset managers viewed the meeting much more positively and hailed it as a massive success.

Kyle Samani, the managing partner at Multicoin Capital, attended the summit — characterizing it as a “historic moment” for the digital asset industry. “We used to be fighting to stay alive. Now, we forge the path to lead the world in crypto,” Samani wrote.

Trump turned crypto from “oppressed industry” to “centerpiece” of US strategy

US President Donald Trump has placed cryptocurrency at the center of his economic strategy, marking a major policy shift for the US blockchain industry, according to Crypto.com CEO Kris Marszalek.

Trump hosted a White House Crypto Summit on March 7, signaling that he intends to make crypto policy a national priority and make the US a global hub for blockchain innovation. 

The summit marked a “truly historic day at the White House,” Marszalek said in a March 8 X post.

Marszalek credited Trump with reversing policies like Operation Chokepoint 2.0, which allegedly led to crypto and tech firms being denied banking services under the Biden administration.

The difficulties of finding banking partners may indeed be a thing of the past for crypto firms after the US Office of the Comptroller of the Currency (OCC) eased its stance on how banks can engage with crypto just hours after Trump vowed to end the prolonged crackdown restricting crypto firms’ access to banking services.