President Donald Trump to Host Historic Cryptocurrency Summit at the White House
President Donald Trump has announced that the first-ever White House summit dedicated to cryptocurrencies will take place on March 7. The event will bring together industry leaders, CEOs, investors, and members of the presidential working group on digital assets, including David Sacks, the head of the White House’s artificial intelligence and cryptocurrency team. However, the exact list of attendees has not been disclosed.
The decision to organize the summit follows Trump’s executive order aimed at establishing the United States as a global leader in the cryptocurrency sector. Under David Sacks' leadership, the working group is developing regulatory proposals, which may be unveiled during the upcoming meeting.
It is worth noting that President Trump has banned the issuance and development of a central bank digital currency (CBDC) in the U.S.. His administration has also criticized the previous government for "unfairly targeting" digital asset companies, emphasizing its commitment to establishing clear regulatory frameworks that foster innovation while protecting economic freedom.
This past week has seen significant developments in the cryptocurrency market. A federal judge approved the Securities and Exchange Commission’s (SEC) request to drop its case against Coinbase. Additionally, the SEC has closed investigations into ConsenSys, led by Joe Lubin, and the Gemini exchange, co-founded by Cameron Winklevoss. Furthermore, the SEC has filed a motion to halt its case against Tron Foundation and its founder, Justin Sun.
These positive developments, combined with the upcoming White House summit, could contribute to a rebound in Bitcoin and altcoin prices. The market is already experiencing an upward correction following recent declines.
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