- President Trump will host the White House Crypto Summit on March 7, focusing on regulatory clarity and digital asset growth.
- The summit follows Trump’s executive order to create a national crypto stockpile and prevent the U.S. central bank from digital currency.
President Donald Trump is set to host the inaugural White House Crypto Summit on March 7. The event will bring together industry leaders, CEOs, investors, and members of the President’s Working Group on Digital Assets, aiming to discuss regulatory clarity and support for growth in the digital assets sector.
President Trump will host the first White House Crypto Summit on Friday March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there! pic.twitter.com/PEynzDuAOt
— David Sacks (@davidsacks47) March 1, 2025
The announcement of the summit follows President Trump’s signing of an executive order, as reported earlier in our post, to establish a working group dedicated to making America a global leader in the crypto industry.
Chaired by David Sacks, the group will focus on key areas such as creating a national crypto stockpile and developing a stablecoin regulatory framework. This move comes when the administration seeks to establish a clear regulatory framework that can support innovation while promoting economic liberty.
The executive order also overturns an earlier directive by former President Joe Biden, which aimed to establish a comprehensive crypto regulatory framework. Additionally, the order prevents the creation of a U.S. central bank digital currency (CBDC), signaling a shift in the country’s approach to digital finance.
Efforts to Shape Crypto Policy
The President’s Working Group on Digital Assets includes representatives from several key federal agencies, such as the U.S. Treasury, the Justice Department, the U.S. Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC). These agencies will collaborate to craft policies that balance regulation with the need for innovation within the crypto market.
This working group has already taken steps toward clearer crypto regulations. Just days before the summit announcement, the SEC dropped lawsuits against the crypto exchange Gemini and delayed decisions on the ongoing Binance lawsuit for 60 days. The agency is also working on a task force that will likely be discussed at the upcoming summit.
Focus on Bitcoin Reserve and Other Key Initiatives
In addition to exploring the regulation of stablecoins and the establishment of a national crypto stockpile, the administration is also investigating the creation of a Bitcoin Reserve. David Sacks, the White House’s AI and Crypto Czar, confirmed that this initiative is among the top priorities for the internal digital asset working group.
The White House’s efforts in this area align with broader trends in the crypto space, where regulatory clarity is becoming increasingly important for the growth of digital assets. The Trump administration will protect innovation while promoting economic liberty by establishing a more predictable regulatory environment.
The announcement of the summit concludes a busy week for the crypto sector. Earlier, as reported by ETHNews, a federal judge approved the SEC’s request to withdraw its case against Coinbase, signaling a shift in the regulator’s approach. Similarly, the SEC informed crypto companies such as ConsenSys and Gemini that it would cease investigations into their operations.