President Donald Trump will host the first White House Crypto Summit on March 7. This event will bring together industry leaders, CEOs, investors, and members of the President’s Working Group on Digital Assets. David Sacks, the White House AI and Crypto Czar, shared this on X.
The summit comes after Trump’s recent executive order. This order forms a group to help make America a leader in cryptocurrency. Sacks will lead this group. They will create and regulate a national crypto stockpile and a framework for stablecoins.
This new directive replaces an earlier executive order by former President Joe Biden. Biden’s order sought to establish cryptocurrency rules and halt the progress of a US central bank digital currency (CBDC).
In a press release, the White House announced plans for a clear regulatory framework for the crypto sector. They want to encourage innovation and boost economic freedom.
