01.03.2025 13:21
U.S. President Donald Trump will meet with cryptocurrency leaders at the White House to reinforce his support for the sector. This summit will address Trump's approach to cryptocurrencies and blockchain technology, as well as his policies related to the industry.
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President Donald Trump will meet with industry leaders at the White House on March 7 to support the cryptocurrency sector. In this historic meeting, leading figures from the crypto world and policymakers will engage in strategic dialogues about the future of digital assets. The White House aims to clearly outline the Trump administration's approach to the cryptocurrency sector with this summit.
Cryptocurrency Revolution at the White House: Trump's New Move
U.S. President Donald Trump is taking a significant step to strengthen relations with the cryptocurrency ecosystem. The White House will host the first official cryptocurrency summit next week. This move is seen as a concrete indication of the change in Trump's stance on digital assets.
According to an official statement from the White House, leading founders, top executives, and significant investors from the cryptocurrency sector will attend the meeting scheduled for Friday, March 7. Members of the President's Digital Assets Working Group will also participate in the summit.
The coordination of the organization is being managed by David Sacks, who serves as the White House's cryptocurrency advisor, while the meeting will be led by Bo Hines, the executive director of the working group. Shortly after taking office, Trump signed an executive order to establish a special working group to provide recommendations on digital asset policies and evaluate the potential creation of a national cryptocurrency reserve.
The working group includes representatives from the Treasury and Justice Departments, as well as officials from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Trump's approach to cryptocurrencies has undergone a significant transformation over time. Once labeling cryptocurrencies as "fraud," Trump made promises during the 2024 election campaign to ease regulations related to this area, appoint individuals with a positive outlook to oversee the sector, support stablecoin infrastructure, and create a Bitcoin reserve for the country.
Although not all of these promises have been implemented yet, the current administration's policies and the upcoming summit are seen as a clear departure from the strict regulatory approach adopted during the Biden administration following the collapse of the FTX digital asset exchange and similar scandals.
Before returning to the White House, Trump personally promoted a memecoin and took a personal step into the cryptocurrency market by supporting a project called World Liberty Financial, which includes his sons.
In a statement from the White House, it was noted that "Our administration is committed to providing a transparent regulatory framework, promoting innovation, and protecting economic freedoms."
These developments in the cryptocurrency world indicate that the new administration will adopt a more inclusive approach to digital assets.
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