President Donald Trump wants stablecoin legislation finalized by August, as discussed at the White House’s first crypto summit on Mar. 7.

Trump backed ongoing legislative efforts, stressing the US dollar’s global financial role and urging lawmakers to pass a bill before August recess.

The summit included key officials and crypto executives, but critics noted a lack of diversity despite the presence of women leaders.

Before the summit, Trump signed an executive order creating a Strategic Bitcoin Reserve and a US Digital Asset Stockpile.