On March 7, 2025, the White House will host its inaugural #cryptocurreny summit, with U.S. President #DonaldJTrump personally attending and delivering remarks. The summit will bring together prominent founders, CEOs, investors in the cryptocurrency industry, and members of the Presidential Digital Assets Task Force. Hosted by David Sacks, the White House AI and Crypto Czar, and managed by Task Force Executive Director Bo Haines, attendees include industry luminaries such as Coinbase’s Brian Armstrong, MicroStrategy’s Michael Saylor, and representatives from traditional financial institutions like BlackRock and Fidelity.

This initiative signals the U.S. government’s active pursuit of leadership in the digital asset space, aiming to secure dominance in the rapidly evolving crypto industry. It also marks a shift in the U.S. government’s stance toward the sector — from “regulatory confrontation” to “strategic collaboration.”

However, the market remains skeptical about whether the Trump administration can truly deliver on its crypto-friendly promises. Since Trump’s re-election, the crypto market has experienced significant volatility: $BTC has fallen 21% from its January peak, $ETH has dropped over 40% since December, and Trump-related #MEME

coins have plunged 80%. These figures have sparked widespread debate about whether the “Trump effect” has faded.