PANews reported on March 8 that according to Jinshi, the much-anticipated White House Cryptocurrency Summit has come to an end, but the results disappointed cryptocurrency traders and failed to trigger the hot market expected by the market. Compared with Bitcoin, altcoins such as Ripple, Cardano and SOL have fallen sharply. The results of the summit were relatively flat, with only a commitment to develop a legislative framework for stablecoins by August and a guarantee of more relaxed regulatory measures. These measures failed to ignite market sentiment as expected. Trump's previous promise to establish a strategic reserve of cryptocurrencies including Bitcoin, Ethereum, Ripple, etc. triggered a massive rebound in cryptocurrencies as traders bet on a major shift in policy. However, Sachs, the White House artificial intelligence and cryptocurrency adviser, clarified that the five cryptocurrencies mentioned by Trump were just examples and not formal commitments, which dampened market optimism.