President Donald Trump is set to host the White House’s first cryptocurrency summit next Friday, marking a significant shift in the administration’s approach to digital assets, Bloomberg reported.
The event will bring together key industry figures, policymakers, and members of the President’s Working Group on Digital Assets.
According to a White House statement released Friday night, Trump will address attendees that include prominent cryptocurrency founders, CEOs, and investors.
The summit, aimed at fostering discussions on the future of digital assets in the U.S., will be chaired by White House A.I. & Crypto Czar David Sacks and coordinated by Bo Hines, the executive director of the President’s Working Group on Digital Assets.
New Policies Signal Shift in U.S. Crypto Regulation Under Trump’s Administration
Trump’s administration has taken a markedly different stance on cryptocurrency regulation compared to its predecessor. Shortly after beginning his second term, the president signed an executive order emphasizing support for the responsible expansion of blockchain technology and digital assets.
The order also established a working group, including officials from the Treasury Department, the Justice Department, the Securities and Exchange Commission, and the Commodity Futures Trading Commission, to advise the White House on digital asset policy and assess the feasibility of creating a government-controlled reserve of cryptocurrencies.
Trump has expressed ambitions to position the U.S. as a global leader in the crypto space. His commitment follows the Trump family’s recent venture into digital currencies, which included the launch of the Official Trump (TRUMP) and Melania Meme (MELANIA) coins in January.
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