Donald Trump to Host the First-Ever Crypto Summit in the White House

A Friday press release shows that Donald Trump will host the first-ever crypto summit in the White House, further deepening his ties with the industry.

Former President Donald Trump is set to host the first-ever crypto summit at the White House on Friday, March 7, where he will meet with key industry players and discuss the future of digital assets.

Prominent FOX Business journalist Eleanor Terrett confirmed this development in an X post on Thursday, highlighting the new dispensation for cryptocurrency and blockchain technology in the U.S.

“Breaking: Former President Trump will host the first-ever crypto summit at the White House on Friday, March 7. Key industry players, the White House crypto working group, and the president will discuss the future of Web3 and crypto in the U.S.,” Terrett wrote.

Breaking: Former President Trump will host the first-ever crypto summit at the White House on Friday, March 7. Key industry players, the White House crypto working group, and the president will discuss the future of Web3 and crypto in the U.S.

President Trump’s crypto and AI czar, David Sacks, and the working group executive director, Bo Hines, will lead the gathering.

The administration has been working on a whole-of-government approach to digital assets, with the goal of ensuring that the U.S. remains at the forefront of the rapidly evolving crypto industry.

The working group was formed earlier this year by former President Trump to advise him on the best course of action for regulating crypto and blockchain technology.

The group is composed of members from key government agencies, including the Treasury Department, the Securities and Exchange Commission, and the Commodity Futures Trading Commission.

Earlier this year, Trump signed an executive order to make America the crypto capital of the world. In his first week in office, the president also signed an executive order directing federal agencies to study the potential risks and opportunities posed by cryptocurrencies.

“We want to make sure that we’re doing everything we can to support innovation in the crypto industry, while also protecting consumers and the national interest,” President Trump said in a statement announcing the executive order.

The White House crypto summit will be a key moment for the industry as it faces increasing scrutiny from regulators around the world. With the U.S. now poised to take the lead in crypto, all eyes will be on the Trump administration to see what policies are announced.

The move comes as part of Trump’s broader agenda to support innovation and economic growth. In recent months, he has been a vocal critic of the Biden administration’s policies, which he believes are stifling economic growth and job creation.

Earlier this year, Trump announced his own candidates for key economic positions in his cabinet. Among them were hedge fund billionaire William Ackman for Treasury Secretary and former White House economic adviser Gary Cohn for Commerce Secretary.

Both Ackman and Cohn are known for their support of pro-growth economic policies. Ackman is also a critic of the Biden administration’s handling of the coronavirus pandemic.

Trump’s picks for Health Secretary and Education Secretary were also seen as a sign of his support for conservative social policies. He chose former Republican presidential candidate Ben Carson for Health Secretary and conservative legal scholar Mike Borko for Education Secretary.

The president’s cabinet picks will now be subject to confirmation by the Senate.