The White House crypto summit did not meet expectations, XRP, ADA, SOL led the market, and BTC was relatively stable

The market has high hopes for the first crypto summit of the White House, hoping that the Trump administration will propose major policies for bitcoin (BTC) and major altcoins (Altcoins), and even announce the establishment of a national crypto reserve in the United States. However, the results of the meeting were less than expected, only promising to introduce a stablecoin regulatory framework by August, and saying that regulation will be more flexible in the future. This has exacerbated the decline of altcoins such as XRP, Cardano (ADA) and Solana (SOL), while Bitcoin has resisted the decline.

The market was expecting a "national crypto reserve", but the results of the summit were disappointing

Investors had expected the Trump administration to officially announce the establishment of a national cryptocurrency reserve in the United States, including mainstream altcoins such as XRP, SOL, ADA, etc. However, the outcome of the White House Crypto Summit was very different, providing only the promise of stablecoin regulation and deregulation, which led to a rapid cooling of market sentiment.

Trump said at the summit that the government's sale of large amounts of seized bitcoin was a "stupid decision" and stressed that "never sell your bitcoin." However, such rhetoric has not saved the market from pessimism about altcoins.

( detailed explanation of Trump's bitcoin executive order: the United States has established a strategic bitcoin reserve, and the Treasury and Commerce departments have the right to purchase bitcoin )

XRP, ADA, SOL led the declines, and the market corrected in the short term

After the summit, the market reacted quickly, causing XRP, ADA, and SOL to fall more than Bitcoin.

XRP is down 3.5% in the last 24 hours and is now trading at around $2.31, down nearly 20% from a week's high of $2.98.

Cardano (ADA) is also down 20% from its high a week ago and is now trading at $0.7977.

Solana (SOL) also fell below $140, down 4% in 24 hours and nearly 30% in the last 30 days.

In contrast, Bitcoin (BTC), while down about 2.5% in 24 hours, remained stable around $86,000 and outperformed most altcoins.

The Trump administration's crypto strategy remains to be seen, and short-term market volatility intensifies

The summit, hosted by David Sacks, the Trump administration's AI and cryptocurrency czar, was originally seen as a major signal of the U.S. government's openness to the crypto industry. However, Sacks clarified after the meeting that Trump's social media references to BTC, ETH, XRP, SOL, ADA are only "examples" and do not represent the administration's commitment to building a strategic reserve that includes these coins, which disappointed the market.

In fact, although the Trump administration's "pro-crypto" policy has attracted attention, the specific plan has not yet been implemented as an enforceable policy, and investors are still holding a wait-and-see attitude towards future development.

Global effect: Bitcoin will become "digital gold", will countries follow suit?

Although altcoins fell due to the summit results, Bitcoin's performance shows that its position as "digital gold" is consolidating. Vincent Chok, CEO of First Digital, said the U.S. government's emphasis on bitcoin could prompt other countries to follow suit, further promoting the establishment of a global regulatory framework.

"The U.S. view of bitcoin as a strategic reserve asset not only enhances the legitimacy of bitcoin, but may also accelerate the entry of global institutional investors," he noted. As the U.S. government makes a statement, other countries may start building their own digital asset reserves."

This means that despite the negative market reaction in the short term, in the long term, a shift in U.S. policy could drive global adoption of Bitcoin and cryptocurrencies, and even lead to increased liquidity in the decentralized finance (DeFi) market.

The crypto market is volatile in the short term, and the long-term trend remains to be confirmed

The White House crypto summit failed to bring major positives expected by investors, resulting in a large correction in XRP, ADA, SOL, but Bitcoin still showed some resilience.

As the direction of the Trump administration's regulation of the crypto market gradually becomes clear, the stablecoin regulation bill and whether the United States will establish a national bitcoin reserve in the coming months will be the focus of market attention. In the short term, the cryptocurrency market may continue to be volatile, but the long-term development may still be affected by changes in the global regulatory environment.

This article White House crypto summit fell short of expectations, XRP, ADA, SOL led the market, BTC relatively solid first appeared in chain news ABMedia.