#WhiteHouseCryptoSummit Key outcomes of the summit.
1. Formation of US cryptocurrency policy
The White House announced its intention to develop a clearer regulatory framework for digital assets.
Authorities plan to create a working group to interact with the industry.
2. Consideration of a possible digital dollar (CBDC)
The prospects of issuing a digital dollar were discussed.
Participants expressed concerns about possible control over citizens' finances.
3. Recognition of cryptocurrencies as a strategic asset
President Trump stated that the US must remain a leader in blockchain technologies.
Particular attention was paid to Bitcoin as a strategic asset.
4. Regulatory issues and security
Measures to combat fraud and illegal operations in the crypto industry were considered.
The creation of a more transparent regulatory system to protect investors is planned.
5. Cooperation with the crypto industry
Ways to foster closer interaction between the government and cryptocurrency companies were discussed.
Leading CEOs of crypto companies expressed their readiness to work with the government.
More to come soon in my article.