According to online reports, FOX Business reporter Eleanor Terrett issued an article saying that for the first White House cryptocurrency summit held last Friday, investors and industry observers had hoped to hear the Trump administration's specific plans to build the United States into a 'cryptocurrency capital', but the summit content is still general and the reactions are mixed. Despite this, participants were generally positive about the atmosphere of the meeting and optimistic that the government would provide more regulatory clarity in the future. Former CFTC Chairman Christopher Giancarlo commented: "This summit is clearly a way for this administration to welcome the industry with open arms, it is their way to say,'You have been persecuted, now we celebrate for you'." Ripple CEO Brad Garlinghouse bluntly said that the two administrations had very different attitudes towards cryptocurrencies: "The Biden administration wants us to go to jail, but the Trump administration directly invites us to the White House." The meeting was hosted by Sacks and Hines and was held in the State Banquet Hall in the East Wing of the White House. Before the meeting, guests also had an informal exchange reception with government officials, but some officials such as Rodney Hood, Acting Director of the Comptroller of the Currency, only attended the reception and did not participate in the formal meeting.