The much-anticipated White House Crypto Summit on Friday ended with a whimper rather than a bang for cryptocurrency traders, sending altcoins like XRP, Cardano’s ADA, and Solana’s SOL into steeper declines than market leader bitcoin (BTC).
Investors had pinned high hopes on President Donald Trump’s pro-crypto stance, expecting bold announcements about a U.S. strategic crypto reserve that would prominently feature major altcoins.
Instead, the summit delivered a more subdued outcome: a framework for stablecoin legislation before August and assurances of a lighter regulatory touch—moves that failed to ignite the market as anticipated.
Trump said it was “foolish” that the federal government had already sold so much of its seized bitcoin, adding that the country will a colloquial rule of “never sell your bitcoin.”
XRP dropped 3.5% in the past 24 hours to nearly $2.4, down from a high of $2.98 earlier in the week — marking a…
