President Donald Trump said Friday that he’s committed to making the U.S. a world leader in cryptocurrencies during the first-ever White House Crypto Summit.

U.S. President Donald Trump wooed the cryptocurrency industry's elite at the White House on Friday, hosting a first-of-its-kind summit focused on his plans for a government-owned stockpile of digital assets.

White House official Bo Hines said the Trump admin will likely convene smaller groups of crypto leaders on “issue-specific policy areas.”