2025-03-05
The White House will host a special
meeting on March 7 with top leaders from the cryptocurrency industry. This is
the first event of its kind.
The summit will bring together
important founders, CEOs, and investors in the crypto world.
It will also include members of the
President’s Working Group on Digital Assets.
The event will be led by David Sacks,
the White House's head of AI and crypto, and Bo Hines, the group's executive
director.
Trump’s Support for Crypto
One of President Trump’s first
decisions in his second term was to support the growth of digital assets,
blockchain, and related technologies in all parts of the economy.
He has promised to make the U.S. the
"crypto capital" of the world. His family has also been involved in
cryptocurrency businesses, with his son, Eric Trump, speaking at Bitcoin MENA
2024 in Abu Dhabi.
During his campaign, Trump spoke at
Bitcoin 2024 in Nashville. Now, Vice President J.D. Vance is expected to give a
similar speech at a technology conference next month. This shows that the
Republican Party is playing a major role in shaping the future of
cryptocurrency in the U.S.
What to Expect at the Summit
The summit aims to create clear rules
for crypto investors while protecting financial freedom.
Ripple CEO Brad Garlinghouse and
business leader Michael Saylor have confirmed they will attend.
Other expected attendees include
Chainlink co-founder Sergey Nazarov and Exodus CEO JP Richardson.
There is also speculation that Coinbase
CEO Brian Armstrong, Gemini co-founders Cameron and Tyler Winklevoss, and
Kraken co-founder Jesse Powell might attend.
Trump’s Crypto Policies
Since taking office in January, Trump
and Republican lawmakers have introduced several crypto policies, including:
Under Trump, the U.S. Securities and
Exchange Commission (SEC) has also stopped investigations into several crypto
companies.
Some Republican lawmakers are working
on new laws about stablecoins, while some Democrats have criticized Trump for
launching his own cryptocurrency in January. His project continues to make
millions from trading fees.
This summit will be the first big
meeting of crypto leaders at the White House. In the past, some industry
leaders, like former FTX CEO Sam Bankman-Fried, met with officials during
Biden’s presidency.
