The White House announced that President Donald Trump will convene the first-ever White House Crypto Summit on March 7, marking a major shift in the administration's approach to digital assets and blockchain technology.
The historic summit will bring together industry leaders, CEOs, investors, and policymakers to discuss the future of cryptocurrency in the United States. David Sacks, the White House's AI & Crypto Czar, will chair the event alongside Bo Hines, Executive Director of the President's Working Group on Digital Assets.
This announcement follows Trump's recent executive order establishing an internal working group focused on positioning America as a global leader in cryptocurrency. The order also reversed previous crypto regulations implemented by the Biden administration and blocked the development of a U.S. central bank digital currency (CBDC).
The summit aims to address key issues including regulatory clarity, financial innovation, and economic opportunities within the digital asset space. The administration has emphasized its commitment to creating a predictable regulatory framework that supports industry growth while maintaining consumer protections.
Trump, who has branded himself as America's "first crypto president," has actively engaged with cryptocurrency advocates during his campaign. His administration has criticized the previous government's approach, characterizing it as waging a "war on digital assets."
The White House Crypto Summit represents a dramatic departure from past regulatory positions and signals the administration's intent to embrace blockchain technology and digital finance innovation. The event is expected to provide unprecedented access to key decision-makers and offer insights into the government's plans for integrating digital assets into the broader financial system.
Live coverage and updates from the summit will be available through various media outlets, providing real-time information on developments in crypto policy and regulation.