U.S. President Donald Trump is preparing to hold the first cryptocurrency summit at the White House next Friday, in a move that reflects his increasing support for this promising technological sector.

In an official statement released by the White House on Friday, it was reported that Trump will participate with a speech at the summit, which will bring together prominent figures from the founders of companies, CEOs, and investors in the field of cryptocurrencies, in addition to members of the presidential task force concerned with digital assets.

David Sacks, the venture capitalist known as the 'Caesar of Cryptocurrencies' at the White House, will lead the summit, while Bo Hines, the executive director of the task force, will oversee the organization and management of the event.

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