When is the White House Crypto Summit ? What to Expect ?
U.S. President Donald Trump has sensation in the financial and cryptocurrency markets with his latest move. On Sunday, March 2, the cryptocurrency market will be added to the new strategic reserves in the U.S. after Trump announced five major cryptocurrencies – Bitcoin, XRP, Solana, Cardano and Ethereum. The plan aims to position the United States as the “crypto-capital of the world.”
A long-standing crypto summit!
But that’s not all. Trump will host the first ever, with a historic event to be held on Friday, March 7 White House Crypto Summitmarking a critical moment in the US politics and cryptocurrency industry.
David Sacks of White House AI and Crypto Czar will organize and manage the summit together with Bo Hines, executive director of the task force. President Trump will host the event.
Sacks revealed that the leading founders, CEOs and investors from the cryptocurrency world will meet with Trump’s Digital Assets Task Force to delve into important discussions about crypto policies and potential regulations.
Key participants and topic focus
The summit will focus on key topics such as the role of U.S. strategic reserves in cryptocurrencies, develop industry guidelines, expand oversight of Stablecoin, oppose U.S. CBDCs, and create “cryptost strategic reserves” using major cryptocurrencies. It will also explore regulatory frameworks to support growth, balance regulations with innovation, and consider tax-free cryptocurrency sales to improve adoption.
The White House Crypto Summit will feature President Trump, Ripple CEO Brad Garlinghouse, Michael Saylor of Microstrategy, Sergey Nazarov of Chainlink, and more. Other crypto leaders like Coinbase’s Brian Armstrong, Jesse Powell and Winklevoss Twins may be participant.
In the 119th Congress, some Republican lawmakers have proposed a competitive Stablecoin bill that aims to establish a regulatory framework for these digital assets. But Democratic lawmakers criticized Trump for launching a memorabilia of $Trump shortly before his inauguration, accusing potential conflicts of interest and moral issues.
Still, the summit appears to be the first major gathering for White House digital asset leaders. Under Trump, the Securities and Exchange Commission (SEC) has stopped investigating and enforcing actions against many digital asset companies. These changes are in line with the Trump administration’s broader efforts to promote innovation and position the United States as a leader in the cryptocurrency sector.
