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President Donald Trump is meeting with leaders of cryptocurrency, an industry he previously called a 'scam,' at the White House on Friday.
They are set to discuss how the government will enact Trump's vision of making the country the 'crypto capital of the world.'
Participants said they are focused on any further details on the strategic reserve, a government stockpile of crypto assets. The reserve will be capitalized with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset.
Donald Trump Jr. said last year that Barron is an expert on crypto and has advised the family.
'Barron knows so much about this,' he said. 'Barron's a young guy, but he knows – he talks about his [crypto] wallet, he's got four wallets or something, and I'll say 'what is a wallet?' But he knows it inside out.'
Follow the DailyMail.com blog for the latest developments
Trump is meeting with elite players in the cryptocurrency world at the White House today.
They include Michael Saylor, CEO of MicroStrategy and Zach Witkoff, one of the founders of the president's own crypto business, World Liberty Financial.
Vlad Tenev, CEO of Robinhood Markets will also attend, according to a spokeswoman for Robinhood.
Trump's plans to build a strategic reserve containing bitcoin and four other coins.
On Thursday, he signed an executive order to establish the reserve.
By Nikki Schwab, Chief Campaign Correspondent at the White House
President Donald Trump revealed in the Oval Office Friday which leader - Russia's Vladimir Putin or Ukraine's Volodymyr Zelensky - has been easier to deal with, while issuing a stark new World War III warning.
A reporter pointed out to Trump that Putin was bombing Ukraine and asked the president if he believed the Russian leader still wanted peace.
'I believe him, I believe him,' Trump answered. 'I think we're doing really well with Russia.'
The president noted that Russia was 'bombing the hell out of Ukraine.'
'I'm finding it more difficult, frankly, to deal with Ukraine,' Trump said.
By Nikki Schwab, Chief Campaign Correspondent at the White House
President Donald Trump said Friday that he wasn't aware of the effort to have him pardon Derek Chauvin, the police officer convicted of murdering George Floyd.
'No I haven't even heard about it,' Trump answered Friday in the Oval Office.
Floyd's May 2020 death at the hands of Chauvin cued widespread protests and launched the Black Lives Matter movement, which Trump ran counter to during his quest for reelection that year.
Conservative commentator Ben Shapiro has publicly called on Trump to pardon the officer.
Department of Education Secretary Linda McMahon confirmed Friday morning she is going to work to shut down the 4,200-person agency she oversees.
'I want to bring the schools back to the states,' Donald Trump reiterated Thursday while speaking to reporters in the Oval Office. 'And I've said it 100 times.'
'We're ranked at the bottom of the list, and yet we spend more,' the Republican complained. 'We're ranked number one for cost per student. We're ranked at the bottom of the list in education.'
Trump has said that in appointing McMahon, 76, the former WWE CEO, his hope is that she will 'put herself out of a job' by helping the president dismantle the agency.
On Monday, the Senate confirmed her to do just that, and within days of taking the role, she confirmed in a TV interview on Friday morning that she was ready to reshape the U.S. education system.
'He couldn't be any more clear when he said he wants me to put myself out of a job,' she shared on Fox News.
And taking a part the education agency could come soon, as reports indicate that Trump could soon sign an executive order to abolish the department, though final approval must come from Congress.
'I think he certainly intends to sign the order,' McMahon confirmed.
South Africa is being terrible, plus, to long time Farmers in the country. They are confiscating their LAND and FARMS, and MUCH WORSE THAN THAT. A bad place to be right now, and we are stopping all Federal Funding.
To go a step further, any Farmer (with family!) from South Africa, seeking to flee that country for reasons of safety, will be invited into the United States of America with a rapid pathway to Citizenship. This process will begin immediately!
Donald Trump revealed that he started secret nuclear deal talks with Iran.
Trump said on Fox Business on Friday that he sent a letter to Iran and its leadership yesterday hoping to start up talks and get a deal done.
'I said I hope you're going to negotiate, because it's going to be a lot better for Iran,' Trump revealed.
'I think they want to get that letter. The other alternative is we have to do something, because you can't let another nuclear weapon.'
The letter was addressed to Iran's Supreme Leader Ayatollah Ali Khamenei, who has not yet responded publicly.
'There are two ways Iran can be handled: militarily, or you make a deal,' Trump went on. 'I would prefer to make a deal, because I'm not looking to hurt Iran. They're great people.'