Trump to Host Historic Crypto Summit on March 7
U.S. President Donald Trump is set to host a significant crypto summit on March 7, as announced by the White House. This pivotal event will be spearheaded by David Sacks, the White House Crypto and AI Czar, alongside Bo Hines, the executive director of a working group focused on digital assets. While Sacks and Hines will manage the meeting, President Trump himself will deliver key remarks during the summit, according to a press release issued late Friday.
The summit is expected to attract a diverse group of influential figures, including prominent founders, CEOs, and investors from the cryptocurrency sector. Additionally, members of the President’s Working Group on Digital Assets will be in attendance, creating a rich dialogue around the future of digital finance.
This summit follows closely on the heels of Sacks’ first public comments as Trump’s crypto czar, made during a press conference on February 4. During that event, he emphasized the importance of keeping technological innovation within the United States, stating, “We want to keep that innovation onshore in the U.S.” He further explained the transition of financial assets to digital formats, noting that “Financial assets are destined to become digital, just like every analog industry has become digital.” Sacks highlighted the administration’s commitment to fostering value creation domestically, rather than relinquishing it to foreign nations.
The White House has yet to disclose the full list of attendees for the summit. The announcement comes at the conclusion of a particularly eventful week for the cryptocurrency industry. Earlier that day, a federal judge approved the Securities and Exchange Commission’s (SEC) request to withdraw its case against Coinbase. Furthermore, notable figures in the industry, such as Joe Lubin, CEO of Ethereum incubator ConsenSys, and Cameron Winklevoss, co-founder of the exchange Gemini, revealed that the SEC had informed their companies about the termination of ongoing investigations into their operations.
Additionally, the SEC filed a motion to pause its case against the Tron Foundation and its founder, Justin Sun. A statement from the White House asserted, “After the previous administration unfairly prosecuted the digital asset space, President Trump’s policy vision represents a new era for digital financial technology.” The administration is dedicated to establishing a clear regulatory framework that promotes innovation while safeguarding economic liberties.
