White House Hosts Crypto Power Players: Trump to Speak at High-Level Summit

White House Hosts Crypto Power Players: Will This Be the Turning Point for U.S. Regulations?

The White House announced late Friday that President Donald Trump will convene a crypto meeting on March 7. Although Trump will speak at the summit, the gathering will be led by White House Crypto and AI Czar David Sacks and Bo Hines, executive director of a working group on digital assets.

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 release

Trump’s Crypto Czar Pushes for US Innovation as SEC Drops Key Lawsuits

About a month has passed since Sacks and congressional leaders made their first public statements as Trump‘s crypto czar.

We want to keep that innovation onshore in the US. Financial assets are destined to become digital, just like every analog industry has become digital, and we want that value creation to happen in the United States, rather than giving it away to other countries.

Sacks

The news on Friday brings the crypto industry’s hectic week to a close. A federal judge earlier in the day approved the Securities and Exchange Commission’s move to drop its lawsuit against Coinbase. Cameron Winklevoss, co-founder of exchange Gemini, and Joe Lubin, CEO of Ethereum incubator ConsenSys, both stated earlier this week that the SEC notified their companies that it would end its investigations into those companies. Additionally, the SEC requested a halt in its prosecution of Justin Sun, the founder of the Tron Foundation.

For more up-to-date crypto news, you can follow Crypto Data Space.