Fox Business reporter Eleanor Terrett announced on February 28 that President Trump will host and speak at the first-ever White House cryptocurrency summit on Friday, March 7. The summit will feature prominent founders, CEOs, and investors from the Crypto Ecosystem.
The White House cryptocurrency summit will also involve participation from the President's digital asset working group. White House AI & Crypto Czar David Sacks will chair the summit, while the executive director of the working group, Bo Hines, will be involved in activities at the White House. The digital asset working group also includes Treasury Secretary Scott Bessent and other key officials responsible for shaping the digital asset framework.
President Trump plans to host the first-ever cryptocurrency summit next Friday.
The first-ever White House cryptocurrency summit
• Date: March 7
• Host: President Trump
• Attendees: Cryptocurrency founders, CEOs, investors, and officials
• Chair: White House AI & Crypto Czar David Sacks pic.twitter.com/BodE9OGmcQ- end(@Terminus_pos) March 1, 2025
The White House revealed that it will host the White House cryptocurrency summit on Friday, March 7. President Trump will speak at the summit, as he has committed to being 'the first cryptocurrency president of the United States.'
The event will bring together industry leaders, CEOs, investors, and members of the President's digital asset working group to shape the future of cryptocurrency and blockchain technology in America. David Sacks, the White House AI & Crypto Czar, expressed his excitement to 'see everyone there!' Sacks will chair the summit, with Bo Hines serving as the executive director of the event.
The White House emphasized plans to introduce a clear regulatory framework for the crypto industry while supporting innovation and promoting economic freedom. The summit aligns with Trump's Executive Order 14178, signed in his first week in office, outlining his administration's commitment to 'being responsible for growth and use of digital assets in all sectors of the economy.' The order also directed federal agencies to prioritize policies that encourage cryptocurrency adoption while addressing fraud and money laundering risks.
The Trump administration forced its predecessor into an 'unfair prosecution' of the cryptocurrency industry. The event will differ significantly from the previous administration's stricter regulatory stance, which led to heightened legal challenges for the digital asset industry.
The White House summit will be more than just a policy meeting for the president, but a political statement. Trump’s campaign actively interacts with cryptocurrency advocates, positioning him as a pro-innovation leader, in contrast to his labeling of the Biden administration as 'waging war on digital assets.' His predecessor's regulatory crackdown on crypto businesses and exchanges sparked anger among industry advocates who felt it stifled innovation in the financial sector.
Sarah Jennings, CEO of Cryptopulse Blockchain Analytics, believes the meeting could be a game-changer if they deliver on clear commitments. Jennings also emphasized that the past four years have been a regulatory minefield, stating, 'Businesses need predictability to thrive.'
Sacks aims to create a golden age for cryptocurrency.
The president has established a working group on digital currency to propose a federal regulatory framework for the issuance and operation of cryptocurrencies. Sacks mentioned in his first press conference on Bitcoin and digital assets that industry experts in Washington primarily want regulatory clarity.
"They just want to know what the road rules are so they can abide by them. Frankly, we will be persecuted in four years of arbitrary prosecutions and persecution against crypto companies, where the SEC won't tell founders what the rules are, and then they will prosecute them."
- David Sacks, AI and Crypto Czar.
Sacks added that many founders have told him they were 'personally exposed just for founding a cryptocurrency company.' Legislators also noted that he looks forward to working with the politicians co-hosting the meeting to 'create a golden age for digital assets.'
Senator Tim Scott emphasized that this 'golden age has begun,' adding that 'the good news is it will get better.' Scott also mentioned he would 'work collaboratively with the House and Senate, led by the White House,' to pass legislation on virtual currencies.
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