US President Donald Trump is preparing to meet with leading figures in the cryptocurrency sector at the White House on March 7th. The summit, aimed at supporting digital asset innovation and clarifying the regulatory framework, will be led by Crypto and AI Czar David Sacks and Digital Assets Working Group executive Bo Hines.

President Donald Trump is gearing up to host a crypto summit on March 7th, with key figures from the cryptocurrency sector and participation from the President’s Digital Assets Working Group. The White House announced on Friday that the summit would be led by Crypto and AI Czar David Sacks and Digital Assets Working Group executive Bo Hines, with Trump delivering a speech during the meeting. The summit will address topics related to supporting digital asset innovation and clarifying regulatory policies in the US. According to the information provided by the White House, the event will be attended by leading founders, CEOs, and investors from the crypto sector. However, the names of the participants have not yet been disclosed.

“FINANCIAL ASSETS ARE INEVITABLY GOING DIGITAL” The meeting is set to take place about a month after Sacks made his first public statements regarding the Trump administration’s crypto policies. Sacks stated during a press briefing on February 4th that the US needs to maintain global leadership in the digital asset space, emphasizing, “We want to keep this innovation in the US. Financial assets are inevitably going digital, just like any analog industry, and we want this value creation to happen in the US, not to go to other countries.” The Friday announcement followed a hectic week for the crypto sector. Early in the day, a federal judge approved the Securities and Exchange Commission’s (SEC) request to withdraw the lawsuit against Coinbase. Additionally, ConsenSys CEO Joe Lubin and Gemini Exchange co-founder Cameron Winklevoss stated earlier in the week that the SEC would close investigations into their companies within the Ethereum ecosystem. The SEC also applied to stop the lawsuit against the Tron Foundation and its founder Justin Sun.

“HERALDING A NEW ERA” The White House’s announcement referred to the previous administration’s strict surveillance policies on the crypto sector, highlighting the Trump administration’s desire to open doors to a new era of digital financial technology. The statement emphasized that “After the previous administration unfairly prosecuted the digital asset space, President Trump’s policy vision heralds a new era for digital financial technology. The administration is committed to providing a clear regulatory framework that enables innovation and safeguards economic freedom.” The summit, which will take place against the backdrop of uncertainties surrounding regulations in the crypto sector, is seen as a significant step in shaping the US’s approach to the digital asset ecosystem.