Crypto Heads To The White House As Trump Hosts 1st Summit
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A major shift is coming to the US government’s approach to cryptocurrency. United States President Donald Trump is set to host the first-ever White House crypto summit on March 7, 2025. The event is expected to bring together key figures in the industry, including investors, CEOs, and government officials. This marks a significant move for Trump, who has previously been critical of Bitcoin and other digital currencies. Summit To Bring Together Industry Leaders Trump’s crypto summit will include discussions with high-profile figures from the digital asset sector. Members of the President’s Working Group on Digital Assets will also be present. Venture capitalist David Sacks has been chosen to lead the event, and Bo Hines will serve as the executive director of the working group. FOX Business reporter Eleanor Terrett verified this news. On Friday, March 7, Terrett announced in her X post that the first White House summit would take place. 🚨NEW: The @WhiteHouse and @realDonaldTrump will host its first ever Crypto Summit next Friday, March 7 featuring CEOs, investors and members of the Presidential Working Group on Digital Assets including @davidsacks47 and @BoHines. pic.twitter.com/psFr5CzY8v — Eleanor Terrett (@EleanorTerrett) March 1, 2025 The event could indicate a change in the government’s stance on cryptocurrency. Many in the industry have been pushing for clearer regulations. With this summit, Trump appears to be listening to those calls. The discussions will likely cover regulatory policies, innovation, and potential economic impacts of crypto. A Different Stance On Digital Assets Trump made no secret of his doubts about Bitcoin during his first administration. He labeled it a scam in 2019 and claimed it was based on a fictitious story. His readiness to host a crypto symposium now points to a more flexible strategy. Although his team has not yet disclosed specific policy changes, holding an…
Filed under: News - @ March 1, 2025 7:25 pm