The White House announced that it will host its first-ever “cryptocurrency summit” on March 7 with President Donald Trump bringing together industry leaders, investors and government officials to talk about the future of digital assets in the US.
This marks a big change in US digital assets policy as the administration looks to provide clarity and support for innovation in the space.
The summit will be led by venture capitalist David Sacks who is the White House’s AI and “Crypto Czar“. Bo Hines, the executive director of the President’s Working Group on Digital Assets will also be managing the event. Trump will be delivering remarks.
“President Trump will host the first White House Crypto Summit on Friday March 7. Founders, CEOs and investors from the crypto industry will be attending. Looking forward to seeing everyone there!” Sacks said on X.
The meeting follows Trump’s executive order to form a working group to develop US digital asset policies.
This group includes officials from the Treasury and Justice Departments, the SEC and CFTC. Their job is to advise the White House on regulatory issues and explore the idea of a national bitcoin reserve.
The summit will discuss topics such as stablecoin regulation, Bitcoin’s role in the US financial system and broader policies related to digital assets. While the guest list has not been disclosed, the White House has confirmed that “top founders, CEOs and investors from the crypto industry” will be there.
In recent years the digital asset industry has been pushing for clearer regulations. Jeremy Allaire, co-founder of Circle (the company behind the USDC stablecoin) recently said stablecoin issuers should be required to register with US authorities.
“Whether you are an offshore company or based in Hong Kong if you want to offer your US dollar stablecoin in the US you should need to register in the US just like we have to go register everywhere else,” he told Bloomberg.
Stablecoin oversight is expected to be a big topic at the summit as the Trump administration looks to strengthen the US dollar’s position in the global financial system.
Trump’s approach to Bitcoin and digital assets is a big departure from the previous administration. While the Biden administration took a more cautious regulatory approach after FTX and other industry scandals, Trump is positioning himself as “the crypto president.”
During his 2024 campaign Trump promised to ease digital asset regulations, support a stablecoin bill and build a national bitcoin reserve. Not all of those promises have been met yet but this summit is seen as a step towards fulfilling them.
Related: Donald Trump’s Bitcoin Bet | A New Chapter in American Politics
Trump has personally been showing more interest in digital assets. Although Bitcoin advocates criticize his business ventures, getting involved in altcoin and meme coin drama, and endorsing World Liberty Financial, a blockchain project tied to his sons.
The entire digital assets market experienced a sharp increase on Sunday afternoon, after Trump shared his plans for a “U.S. crypto reserve” on his Truth Social platform.
But Bitcoin supporters are worried that Trump is making the same mistake Javier Milei did, namely mixing Bitcoin with altcoins and meme coins.
A year before Milei’s $LIBRA scandal, Max Keiser, Bitcoin Advisor to the Government of El Salvador, said Milei was making a big mistake and would “suffer the consequences.”
Bitcoiners are hoping that by choosing wise advisors, Trump will eventually understand why there is a huge difference between Bitcoin and altcoins, and including “cryptocurrencies”—that are centralized and have no hard cap—in the reserves would be a “major mistake.”
