Fox Business reporter Eleanor Terrett announced on February 28 that President Trump will host and deliver remarks at the first-ever White House Crypto Summit on Friday, March 7. The White House Crypto Summit will also be attended by the President’s Working Group on Digital Assets. The White House AI & Crypto Czar David Sacks will chair the Summit, while the Working Group’s Executive Director Bo Hines will administer the event in White House. The Working Group on Digital Assets also includes Treasury Secretary Scott Bessent and other key officials tasked with shaping the digital asset framework. President Trump plans to host the first-ever Crypto Summit next Friday First-ever White House Crypto Summit • Date: March 7 • Host: President Trump • Attendees: Crypto founders, CEOs, investors, and officials • Chair: White House A.I. & Crypto Czar David Sacks pic.twitter.com/BodE9OGmcQ — Terminus (@terminus_pos) March 1, 2025 The White House revealed that it will host the White House Crypto Summit on Friday, March 7. President Trump is set to deliver remarks during the Summit as he pledged to be “America’s first crypto president.” The event is set to bring together industry leaders, CEOs, investors, and members of the President’s Working Group on Digital Assets in a bid to shape the future of cryptocurrencies and blockchain technology in the United States. David Sacks, the White House’s AI & Crypto Czar, shared that he was looking forward to “seeing everyone there!” Sacks will chair the Summit, with Bo Hines serving as Executive Director at the event. The White House highlighted plans to introduce a clear regulatory framework for the crypto industry while supporting innovation and promoting economic liberty. The Summit aligned with Trump’s Executive Order 14178, signed in his first week in office, which outlined his administration’s commitment to the “responsible growth and use of digital assets…across all sectors of the economy.” The order also directed federal agencies to prioritize policies encouraging crypto adoption while addressing fraud and money laundering risks. Trump’s administration pressed on its predecessor for having “unfairly prosecuted” the cryptocurrency industry. The event will mark a strong departure from the previous administration’s stricter regulatory stance, which led to heightened legal challenges for the digital asset industry. The White House Summit will not be just a policy meeting for the President but a political statement. Trump’s campaign actively engaged with crypto advocates, which positioned him as a pro-innovation leader in contrast to what he refers to the Biden administration as “war on digital assets.” His predecessor enforced regulatory crackdowns on crypto firms and exchanges, which drew ire from industry advocates who argued it stifled innovation in the financial industry. Sarah Jennings, CEO of CryptoPulse blockchain analytic firm, believes that the meeting “could be a game-changer if they deliver on the promise of clarity.” Jennings also highlighted that the last four years were a regulatory minefield and “businesses need predictability to thrive.” Sacks wants to create a golden age for cryptocurrencies. The President established a working group for digital currencies to propose Federal regulatory frameworks governing the issuance and operation of cryptocurrencies. In his first press conference on Bitcoin and digital assets, Sacks said the first thing industry experts wanted from Washington was regulatory clarity. “They just want to know what the rules of the road are so they can abide by them. We’re coming off frankly four years of arbitrary prosecution and persecution of crypto companies where the SEC wouldn’t tell founders what the rules were and then they would prosecute them.” -David Sacks, AI & Crypto Czar. Sacks added that many founders told him stories of “being debunked personally just because they had founded a crypto company.” The lawmaker also noted that he was looking forward to working with the politicians hosting the conference alongside him in “creating a golden age for digital assets.” Senator Tim Scott highlighted that this “golden age has begun” and that “the good news is that it’s going to get better.” Scott added that he will “work synergistically with the House and the Senate, with the White House leading the way” when it comes to passing bills on virtual currencies. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
