Yesterday’s Crypto Summit held at the White House uncovered a lot of good news for the cryptocurrency market

During the meeting, President Donald Trump announced a handful of innovative measures for the digital assets sector.

Yesterday’s Crypto Summit at the White House brought plenty of good news for the cryptocurrency market. During the meeting, President Donald Trump announced several new measures for the digital assets sector.

Among other things, President Trump signed an executive order allowing the U.S. Treasury to begin making small increments of a nearly $18 billion Bitcoin reserve. The move comes after months of rumors and speculations about the U.S. government investing in Bitcoin.

Earlier this year, President Trump also said that he expects to receive a new regulatory framework for digital assets by August. The framework will then be voted on in Congress later this year.

After discussing the upcoming World Cup, which will be held in the United States, Canada, and Mexico in 2026, and showcasing the new FIFA Clubs World Cup trophy, which will be awarded to the winner of this year’s first-ever event, FIFA’s President, Giani Infantino, spoke about his hopes of creating a cryptocurrency with FIFA.

“I’m not an expert at all, but FIFA, as you know, is a globally known and very strong brand,” Infantino said. “The soccer economy in the world is worth around 170 billion a year, 70% of that, Mr. President, is in Europe.

“So imagine the potential there is around the world, only in soccer, if we develop it. FIFA is very, very interested under my presidency to develop a coin, to do it from here in America, and to conquer the 5 billion soccer fans in the world.”

President Trump responded enthusiastically to the proposal, arguing that the potential FIFA crypto may be worth even more than FIFA itself.

“We’ll take a look at it. Maybe they should do a coin. Maybe that coin may be worth more than FIFA in the end, it could be quite a coin actually.”

After the President’s remarks about a potential “FIFA Coin”, a new cryptocurrency of the same name increased 180 times its original value in less than 24 hours.

“FIFA Coin”, which is being traded on Uniswap, went up more than 18,000 in value since Donald Trump’s remarks. The currency was launched a couple of days ago and has already reached a market capitalization of over $3 million.

However, investors are managing their own risks as the football association has yet to launch an official token, meaning the “FIFA Coin” in question is in no way affiliated with FIFA. This project in question also lacks every fundamental KYC verification, not disclosing an official website, X account, or any social media presence.