Key Takeaways
- President Trump will host the first-ever White House Crypto Summit on March 7.
- The summit goals to set up a regulatory framework for the crypto sector whereas supporting innovation.
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President Donald Trump will host the first-ever White House Crypto Summit on March 7, bringing collectively trade leaders, CEOs, buyers, and members of the President’s Working Group on Digital Assets, David Sacks, the White House’s AI & Crypto Czar, shared in a press release on X on Friday.
President Trump will host the primary White House Crypto Summit on Friday March 7. Attendees will embody outstanding founders, CEOs, and buyers from the crypto trade. Look ahead to 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 inside working group geared 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 set up a crypto regulatory framework and prohibits the event of a US central financial institution digital forex (CBDC).
In at present’s press launch, the White House outlined plans to set up 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.
Story in growth.
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