White House Crypto Summit: Two Attendees Share Why It Matters - Ep. 797

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 11 March 2025

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The election of Donald Trump marked a sea change for U.S. crypto policy. The symbolism of that transformation was on full display at the White House’s first-ever Crypto Summit, at which President Trump met with several crypto business leaders. But what was actually said behind closed doors? And does this mark the beginning of a truly pro-crypto shift—or just another short-lived political move? In this episode, BitGo CEO Mike Belshe and former CFTC Chairman Chris Giancarlo break down what really happened at the summit, whether the proposed Bitcoin reserve is a smart idea or a political gimmick, and why some believe the U.S. dollar could one day be backed by BTC. Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Bitwise Guests: Mike Belshe, CEO at BitGo Chris Giancarlo, Senior counsel at Willkie Farr & Gallagher and former CFTC chairman Links Recent coverage of Unchained on the Bitcoin Reserve and the White House Crypto Summit : Trump Says He Is Ending Operation Choke Point 2.0 Trump Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile Trump's Surprise Crypto Reserve Announcement Iced Out D.C. Insiders How Did Ripple Sell Trump on XRP in a Crypto Reserve? By Pushing for Solana Why Trump May Have Chosen This Week to Announce a Strategic Crypto Reserve Which Crypto Assets Belong in a Reserve? This VC Says Not XRP and ADA Chris’s article: Crypto neo-privateers could be the solution to hacks Nic Carter’s tweet on Trump’s crypto endeavours Omid Malekan’s analogy of the SBR with buying a shirt Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I've noticed thousands of you regularly listen to the podcast, but not many of you have left a five-star review or hit subscribe.
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0:19.0	And don't forget, your review may make it onto the show.
0:22.9	The possibility for Bitcoin to be a backing and or a direct asset used by major nations
0:28.2	to conduct commerce is real.
0:30.4	That's not true for anything else that I'm aware of.
0:33.2	And just based on size, I think Bitcoin stands alone.
0:40.6	Hi, everyone.
0:41.6	Welcome to Unchained.
0:42.6	You're no hype resource for all things crypto.
0:44.4	I'm your host, Laura Shin.
0:46.1	We are now featuring quotes from listeners on the show.
0:48.7	Today, we have a comment responding to my interview with VC David Nage,
0:52.1	in which we discussed which assets belong in a crypto reserve.
0:55.3	On YouTube, Lou Mira 7183 said, quote, defined decentralized, please.
1:00.2	Is it being a whale or is the consensus slash validation method the blockchain uses?
1:04.8	To have your comment featured, write a review of the podcast overall, or leave a comment on our video on YouTube or at X.
1:11.0	This is the March 11th, 2025 episode of Unchained.
1:15.1	Crypto moves fast.
1:16.6	It's why Bitwise launched the weekly CIO memo, a jargon-free summary of what's moving
1:21.8	crypto markets written by one of the best in the business, CIO Matt Hogan.
1:26.6	Get up to speed in five minutes or less.
	...

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