Key Takeaways
- President Trump will host the first-ever White Home Crypto Summit on March 7.
- The summit goals to determine a regulatory framework for the crypto sector whereas supporting innovation.
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President Donald Trump will host the first-ever White Home Crypto Summit on March 7, bringing collectively trade leaders, CEOs, buyers, and members of the President’s Working Group on Digital Property, David Sacks, the White Home’s AI & Crypto Czar, shared in a press release on X on Friday.
President Trump will host the primary White Home Crypto Summit on Friday March 7. Attendees will embody distinguished founders, CEOs, and buyers from the crypto trade. Stay up for seeing everybody there! pic.twitter.com/PEynzDuAOt
— David Sacks (@davidsacks47) March 1, 2025
The announcement comes after Trump signed an govt order to type an inner working group aimed toward making America the worldwide chief in crypto. Chaired by Sacks, the group will discover the creation and regulation of a nationwide crypto stockpile and a stablecoin regulatory framework.
The directive additionally overturns a previous govt order by former President Joe Biden that sought to determine a crypto regulatory framework and prohibits the event of a US central financial institution digital foreign money (CBDC).
In right now’s press launch, the White Home outlined plans to determine a transparent regulatory framework for the crypto sector whereas supporting innovation and selling financial liberty.
The administration additionally criticized its predecessor for having “unfairly prosecuted” the digital asset trade.
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