The White House will break new ground next week by hosting the first-ever White House Crypto Summit on Friday, March 7, signaling a sharp pivot in federal policy toward embracing digital currencies.
President Donald Trump, who pledged during his campaign to become America’s “first crypto president,” will deliver remarks at the event, joined by a roster of crypto industry heavyweights—founders, CEOs, and investors—alongside members of the President’s Working Group on Digital Assets.
The summit, announced today, will be chaired by David Sacks, recently appointed White House A.I. & Crypto Czar, with Bo Hines, Executive Director of the Working Group, overseeing its administration. The event aims to cement Trump’s vision for digital assets, laid out in his week-one Executive Order 14178, which declared it the policy of his administration “to support the responsible growth and use of digital assets … across all sectors of the economy.”
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Trump’s approach marks a stark departure from the Biden administration, which the White House criticized for “unfairly prosecut[ing] the digital asset space.” That era saw regulatory crackdowns on crypto firms and exchanges, drawing ire from industry advocates who argued it stifled innovation. In contrast, Trump’s team is pitching the summit as the launchpad for a “new era for digital financial technology,” promising a clear regulatory framework to foster growth while safeguarding economic liberty.
“The previous administration treated crypto like a punching bag,” said a White House official, speaking on condition of anonymity. “President Trump sees it as a frontier for American ingenuity and prosperity—something to nurture, not smother.” The summit’s guest list, though not yet fully public, is expected to feature prominent figures from blockchain startups, major exchanges, and investment funds, underscoring the administration’s outreach to a sector that has ballooned into a multi-trillion-dollar market.
The initiative aligns with Trump’s broader economic agenda, blending deregulation with a push for U.S. competitiveness in emerging technologies. Executive Order 14178, signed shortly after his January 20 inauguration, directed federal agencies to prioritize policies that encourage crypto adoption while addressing risks like fraud and money laundering. The Working Group on Digital Assets, established under the order, includes Treasury Secretary Scott Bessent and other key officials tasked with shaping this framework.
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Industry reaction has been cautiously optimistic. “This could be a game-changer if they deliver on the promise of clarity,” said Sarah Jennings, CEO of CryptoPulse, a blockchain analytics firm. “The last four years were a regulatory minefield—businesses need predictability to thrive.” Critics, however, warn that loosening oversight could invite volatility or consumer harm, pointing to past crypto scandals like the FTX collapse.
The Crypto Summit, set to unfold against the backdrop of a White House eager to project innovation-friendly credentials, will also spotlight Sacks—a tech entrepreneur and Trump ally whose dual role overseeing A.I. and crypto policy reflects the administration’s tech ambitions. Hines, a former congressional candidate with deep GOP ties, brings logistical heft to the effort.
As March 7 approaches, the summit promises to be a defining moment for Trump’s crypto presidency—potentially reshaping how Washington and Wall Street view digital assets. Whether it delivers the regulatory reset the industry craves or sparks fresh debate over risks remains to be seen, but for now, the White House is betting big on a future where crypto takes center stage.
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