#WhiteHouseCryptoSummit

Executives from the sector weigh in on the first cryptocurrency summit at the White House

A senior official at the White House stated on March 7 that the cryptocurrency summit would not address the topic of taxes, and some industry leaders expressed hope that a regulatory framework would be established.



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With many leaders in the crypto industry and U.S. government officials about to meet at the White House in a matter of minutes, some speculate that the event will address regulatory clarity.

On March 7, U.S. President Donald Trump is expected to address an audience of CEOs and founders of crypto companies to discuss regulatory policies, stablecoins, and a proposed plan to establish a strategic reserve of cryptocurrencies in the government. A senior official at the White House said before the event that the summit would not focus on taxes, but rather on “reversing” policies implemented by the previous administration.

“While we will have to wait to see what concrete goals emerge from the summit, there is optimism that it will continue to build a regulatory framework that provides the crypto industry in the U.S. with what it so desperately needs: clarity without stifling,” said Les Borsai, co-founder of Wave Digital Assets, to Cointelegraph.