US President Donald Trump is preparing to meet with the leading figures of 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 Task Force Manager Bo Hines.

President Donald Trump is getting ready to host a crypto summit on March 7th with the participation of leading figures in the cryptocurrency sector and members of the President’s Digital Assets Task Force. The White House announced on Friday that the summit, led by Crypto and AI Czar David Sacks and Digital Assets Task Force Manager Bo Hines, will feature a speech by Trump. The summit will address topics such as supporting digital asset innovation in the US and clarifying regulatory policies. According to information provided by the White House, founders, CEOs, and investors from the crypto sector will attend the event. However, the names of those attending the summit have not been disclosed yet.

”FINANCIAL ASSETS ARE DESTINED TO GO DIGITAL” This meeting will take place approximately a month after Sacks made his first public statements about the Trump administration’s crypto policies. In a press conference on February 4th, Sacks emphasized the need for the US to maintain global leadership in digital assets, stating, “We want to keep this innovation onshore in the US. Financial assets are destined to go digital, just as every analog industry has, and we want this value creation to happen in the US, not go to other countries.” Friday’s announcement came after a hectic week for the crypto sector. Early in the day, a federal judge approved a request by the Securities and Exchange Commission (SEC) to withdraw the case against Coinbase. In addition, Joe Lubin, CEO of ConsenSys, which works on the Ethereum ecosystem, and Cameron Winklevoss, co-founder of Gemini exchange, announced earlier in the week that the SEC would close investigations into their companies. Also, the SEC applied to halt the lawsuit against Tron Foundation and its founder Justin Sun.

”REPRESENTS A NEW ERA” The statement from the White House highlighted the Trump administration’s desire to usher in a new era for digital financial technology, referencing the previous administration’s strict regulatory policies towards the crypto sector. The announcement stated, “After the previous administration unjustly pursued the digital asset space, President Trump’s policy vision represents a new era for digital financial technology. The administration is committed to providing a clear regulatory framework that enables innovation and preserves economic freedom.” The summit, taking place amidst uncertainties about regulations in the crypto sector, is seen as an important step in shaping the US’s approach to the digital asset ecosystem.