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Since taking office for the second time, Donald Trump and his administration are transforming

federal policy on cryptocurrency.

The securities and exchange commission dropped lawsuits against two of the biggest crypto

companies in the U.S. and dismissed investigations into others. On Thursday, President Trump announced

the creation of a reserve of Bitcoin and other cryptocurrencies. It's comprised of an estimated

$17 billion stockpile made up of

digital currency. The U.S. has seized in legal cases over the years. The following day, he held a summit

at the White House for CEOs, investors, and executives from the crypto industry.

Last year, I promised to make America the Bitcoin superpower of the world and the crypto capital

of the planet. And we're taking historic action to deliver on that promise, as you know,

around the table. Yesterday, I signed an executive order officially creating our strategic

Bitcoin Reserve. And this will be a virtual Fort Knox for digital gold to be housed within the

United States Treasury. That's a big thing, Scott.

It's a far cry from his previous statements about crypto. In 2021, Trump called crypto a scam,

and, quote, potentially a disaster waiting to happen, end quote.

So what changed and what personal investments does the president have in the crypto industry?

We get into it after the break.

I'm Jen White. You're listening to the 1A podcast where we get to the heart of the story. Stay with us. On the Embedded Podcast.

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