Main takeout
- President Trump will hold the first White House encryption summit on March 7.
- The summit aims to build a regulatory framework for the encryption sector while supporting innovation.
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President Donald Trump will host the first White House cryptocurrency summit on March 7, and the president’s working group on the AI & Crypto Czar of the industry leader, CEO, investor and president, and the White House’s AI & Crypto Czar shared a statement on X on Friday.
President Trump will hold the first White House cryptocurrency summit on Friday, March 7, and attendees will include prominent founders, CEOs and investors in the Crypto industry. I look forward to seeing everyone there! pic.twitter.com/peynzduaot
-David Sacks (@davidsacks47) March 1, 2025
The announcement comes after Trump signs an administrative order to form an internal working group to make it a global leader of encryption. The group, chairman of the sack, will explore the creation and regulation and stable regulatory frameworks of national cryptocurrency stock files.
The guidelines also reverse the pre -administrative order of former President Joe Biden, establishing a cryptocurrency regulatory framework and prohibiting the development of the US Central Bank Digital Digital Call (CBDC).
In today’s press release, the White House explained that he plans to establish a clear regulatory framework for the encryption sector by supporting innovation and promoting economic freedom.
The administration also criticized the predecessor who “unfairly prosecuted the digital asset industry.”
Development story.
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