#White House Crypto Summit#

In the short term, expectations about the summit and Trump's statements can create volatility in the market. If Trump and participants signal to reduce regulatory uncertainties, the market may price it positively. On the other hand, if strict regulation messages come, short-term selling pressure may occur.
In the long run, regulatory clarity in the US could facilitate large capital's entry into the market. Issues such as stablecoin regulations and Bitcoin reserves may be critical factors in determining how governments and major institutions will embrace crypto.
In theory, crypto reserves can be possible, especially considered as an alternative reserve asset for developing countries. However, due to concerns that it may weaken the power of the dollar for large economies like the United States, it seems difficult to be widely adopted in the near future. Nevertheless, the trend of some countries starting to hold Bitcoin reserves on a small scale could strengthen.