U.S. President Donald Trump has announced that he will be hosting a crypto summit on March 7, according to a press release from the White House. The meeting will be led by White House Crypto and AI Czar David Sacks and Bo Hines, the executive director of a working group on digital assets. President Trump himself will also be speaking at the summit.
The press release stated that the attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President’s Working Group on Digital Assets. This summit comes just a month after Sacks, alongside congressional leaders, made his first public remarks as Trump’s crypto czar. During a press conference on February 4, Sacks emphasized the importance of keeping innovation within the United States and ensuring that the value creation from financial assets being digitized remains in the country.
While the White House did not disclose the names of the other attendees, this announcement marks the end of a busy week for the crypto industry. Earlier on the same day, the Securities and Exchange Commission (SEC) withdrew its case against Coinbase, as approved by a federal judge. Additionally, the SEC informed Ethereum incubator ConsenSys and exchange Gemini’s co-founder Cameron Winklevoss that their respective companies’ investigations would be closed.
Furthermore, the SEC filed a request to pause its case against the Tron Foundation and its founder Justin Sun. The press release highlighted that President Trump’s policy vision represents a new era for digital financial technology, following what was perceived as unfair prosecution of the digital asset space by the previous administration. The current administration aims to provide a clear regulatory framework that fosters innovation and protects economic liberty.
Overall, this crypto summit hosted by President Trump signifies a significant step in shaping the future of the digital asset industry in the United States.
