Robinhood co-founder and CEO Vlad Tenev joined CNBC’s Squawk Box to discuss the U.S. administration’s establishment of a strategic Bitcoin reserve, calling it a “sensible approach” to integrating digital assets into the national financial system.

His remarks followed the White House Crypto Summit, where industry leaders and policymakers convened to discuss the role of Bitcoin in government reserves and broader financial markets.

During the summit, President Donald Trump formally announced the creation of the U.S. Crypto Strategic Reserve, which will include Bitcoin seized from criminal forfeitures. The reserve was presented as a “Digital Fort Knox,” reinforcing national financial security while positioning the U.S. as a leader in global cryptocurrency adoption. Tenev supported the move, emphasizing its potential to bring stability to digital assets while encouraging further institutional investment.

Tenev also addressed the long-term impact of government-backed Bitcoin holdings, stating that the reserve could provide a hedge against inflation and create clearer regulatory frameworks for the crypto industry. He noted that regulatory clarity would be essential for ensuring investor protection and fostering innovation within financial markets.

The White House summit, which took place yesterday, featured prominent figures from the cryptocurrency industry, including Ripple CEO Brad Garlinghouse and Chainlink co-founder Sergey Nazarov.

Discussions focused on how the government should regulate and integrate digital assets into mainstream financial infrastructure. Tenev expressed optimism about ongoing collaborations between the public and private sectors to shape future policies.

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