FOX Business reporter Eleanor Terrett wrote that investors and industry observers had hoped to hear about the Trump administration's specific plans to make the United States a "cryptocurrency capital" at the first White House cryptocurrency summit held last Friday, but the content of the summit was still general and the reaction was mixed. Nonetheless, attendees were generally positive about the atmosphere and optimistic about the administration providing more regulatory clarity in the future. Christopher Giancarlo, former CFTC chairperson, commented: "This summit is clearly a way for this administration to welcome the industry with open arms, it's their way of saying, 'You've been persecuted, and now we celebrate you.'" Ripple CEO Brad Garlinghouse bluntly stated that the two administrations have very different attitudes towards cryptocurrencies: "The Biden administration wants to put us in'jail ', while the Trump administration has directly put us in the White House." The meeting, hosted by Sacks and Hines and held in the State Dining Room in the East Wing of the White House, was preceded by an informal exchange and reception with government officials, but some officials, such as Acting Commissioner of the Currency Rodney Hood, attended only the reception and did not participate in the formal meeting.