President Donald Trump of the United States 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 regulatory frameworks, will be led by Crypto and Artificial Intelligence Tsar David Sacks and Digital Assets Working Group executive Bo Hines.

President Donald Trump is set to host a cryptocurrency 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, led by Crypto and Artificial Intelligence Tsar David Sacks and Digital Assets Working Group executive Bo Hines, will feature a speech by Trump. Discussions at the summit will focus on supporting digital asset innovation in the U.S. and clarifying regulation policies. According to the information from the White House, the event will welcome prominent founders, CEOs, and investors from the crypto sector. However, the names attending the summit have not been disclosed yet.

“FINANCIAL ASSETS ARE DESTINED TO BE DIGITAL” This meeting comes about a month after Sacks made his first public statements on the Trump administration’s crypto policies. Sacks, in a press conference on February 4th, emphasized the need for the U.S. to maintain global leadership in the digital asset space, stating, “We want to keep this innovation at the forefront in the U.S. Financial assets, like every analog industry turning digital, are destined to be digital, and we want this value creation to be in the U.S., not elsewhere.” The Friday announcement came after an intense week for the crypto sector. Early in the day, a federal judge approved the Securities and Exchange Commission’s (SEC) request to dismiss the case against Coinbase. In addition, Joe Lubin, CEO of ConsenSys, and Cameron Winklevoss, co-founder of Gemini Exchange, announced earlier in the week that the SEC would close its investigations into their companies in the Ethereum ecosystem. Furthermore, the SEC applied to halt the case against the Tron Foundation and its founder Justin Sun.

“IT REPRESENTS A NEW ERA” The statement from the White House highlighted the Trump administration’s desire to open doors to a new era for digital financial technology, referencing the previous administration’s strict oversight policies toward the crypto industry. The statement mentioned, “After the previous administration wrongfully prosecuted the digital asset space, President Trump’s policy vision represents a new era for digital financial technology. The administration is determined to provide a clear regulatory framework that enables innovation and preserves economic freedom.” The summit, amid uncertainties regarding regulations in the crypto sector, is seen as a crucial step in shaping the U.S.’ approach to the digital asset ecosystem.