White House to host first crypto summit as Trump brands himself as a president of new era – Firstpost
The summit came months after Trump signed an executive order which aims to “support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy”
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The White House under the reign of US President Donald Trump is all set to host the first crypto summit, which will be attended by professionals in the cryptocurrency industry. According to The Hill, the summit will be organised on March 7, with the White House calling it a “first of its kind”.
“Attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President’s Working Group on Digital Assets,” the Office of Communications said in a Friday announcement. “The Summit will be chaired by the White House A.I. & Crypto Czar David Sacks, and administered by the Working Group’s Executive Director Bo Hines,” the statement further reads.
The summit came months after Trump signed an executive order which aims to “support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy.” The order was among several orders signed by Trump on his first day in office.
Trump wants to make US ‘crypto capital’
The American leader has been an ardent supporter of cryptocurrencies for the longest time. In the past, the Republican firebrand has pledged to make the US the “crypto-capital”. His love for crypto became more intense after his family embarked on a business venture in digital currency, earning Eric Trump a keynote address at Bitcoin Mena 2024 in Abu Dhabi.
“You’re going to have the most pro-crypto president in the history of America,” Eric Trump said to the audience at that time. Meanwhile, the President also served as the primary speaker for the Bitcoin 2024 event which was held in Nashville. Trump attended the event while he was on a campaign trail during the 2024 Presidential race.
Vice President JD Vance on the other hand is all set to give similar remarks at 16z’s American Dynamism Summit in Washington next month, making Republicans a leading voice in the industry.
The Office of Communication’s announcement of the White House summit noted that the administration will be working towards providing a clear regulatory framework for crypto investors while protecting economic liberty.
With inputs from agencies.