Bitcoin Strategic Reserve overshadows Digital Asset Summit

Why it matters: Trump has vowed to be America's "first crypto president" and pledged to make the U.S. the "crypto capital."

• The executive order acknowledges bitcoin's "fixed supply" and maintains "there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve."

By the numbers: Bitcoin began the week midway between $80,000 and $90,000, and for all the drama, that's where it ended too.

Zoom in: A still-unknown number of leaders in the crypto industry spent half the day at the White House Friday, followed by a reception hosted by Coinbase, the leading U.S. crypto exchange.

• During the public portion of the summit, the main thing attendees did was thank the president.

What they're saying: "The U.S. won the internet, and the U.S. should win crypto. So thank you for your leadership on this," Tyler Winklevoss, a co-founder of the crypto exchange Gemini, said at the summit.

• The president told his guests at the end of the meeting: "This is a very important day in your lives. I know you worked some of you very long, long before people really understood what was happening. And so I congratulate you.

• "Being in the White House is a big deal."

The bottom line: As the summit ended, the administration took a material step to roll back what's been referred to as Operation Chokepoint 2.0, with the Office of the Comptroller of the Currency ending the requirement that its banks seek permission to engage in common crypto activities.