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US President Donald Trump will host the first White House Crypto Summit on March 7, bringing together industry leaders to discuss regulatory policies, stablecoin oversight, and the potential role of Bitcoin in the US financial system. The attendees will include “prominent founders, CEOs, and investors from the crypto industry,” along with members of the President’s Working Group on Digital Assets, according to an announcement shared by the White House “AI and crypto czar,” David Sacks, in a March 1 X post. The summit will be chaired by Sacks and administered by Bo Hines, the executive director of the Working Group. Source: David Sacks Sacks was appointed White House Crypto and AI and Czar on Dec. 6, 2024, to “work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.,” Trump wrote in the announcement.  Part of Sacks’ role will be to “safeguard” online speech and “steer us away from Big Tech bias and censorship,” Trump added. Source: Donald Trump Trump has previously signaled that he intends to make crypto policy a national priority and make the US a global hub for blockchain innovation. The upcoming summit may set the tone for crypto regulations over the next four years. Sacks only has two years to push through pro-crypto policies before the 2026 midterm elections in the US, Joe Doll, the general counsel for NFT marketplace Magic Eden, told Cointelegraph in an interview. According to Doll, the threat of a gridlocked government could stifle regulations, and the current administration must push through pro-crypto policies while still in control of both chambers of Congress. Related: Bitcoin risks deeper drop if $75K support fails amid macro concerns Stablecoin, Bitcoin reserve regulation remain focus While there are no additional details about the summit’s agenda, stablecoin…

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Filed under: News - @ March 1, 2025 11:28 pm