- Former U.S. President Donald Trump will host a cryptocurrency summit on March 7 with industry leaders and his crypto advisors.
- The summit comes during a week of significant regulatory shifts, including the SEC withdrawing its case against Coinbase.
- David Sacks and Bo Hines will lead the meeting, focusing on establishing a clear regulatory framework to keep crypto innovation in the United States.
Former President Donald Trump is set to convene a cryptocurrency summit on March 7, bringing together industry executives and digital asset experts, the White House announced late Friday. The meeting represents a significant shift in the administration’s approach to the rapidly evolving sector, following a week marked by major regulatory pullbacks from the Securities and Exchange Commission.
David Sacks, the White House Crypto and AI Czar, and Bo Hines, executive director of the President’s Working Group on Digital Assets, will lead the discussions. Trump himself will address attendees at the event, which will include prominent founders, CEOs, and investors from across the cryptocurrency industry.
The summit arrives approximately one month after Sacks made his first public remarks as Trump’s crypto advisor on February 4. During that congressional press conference, Sacks emphasized the administration’s position on digital assets, stating: “We want to keep that innovation onshore in the U.S. Financial assets are destined to become digital, just like every analog industry has become digital, and we want that value creation to happen in the United States, rather than giving it away to other countries.”
While specific attendees have not yet been disclosed, the timing of the summit is particularly noteworthy as it follows a series of significant regulatory developments. Earlier on Friday, a federal judge approved the SEC’s motion to withdraw its enforcement action against Coinbase, one of the largest cryptocurrency exchanges in the United States.
The regulatory retreat extended beyond Coinbase. Joe Lubin, CEO of Ethereum development company ConsenSys, and Cameron Winklevoss, co-founder of Gemini exchange, both reported earlier in the week that the SEC had informed their respective companies it would be closing investigations into their operations.
Additionally, the SEC filed to pause its case against Justin Sun, founder of the Tron Foundation, further signaling a potential regulatory pivot under the new administration.
The White House press release framed these changes as a deliberate departure from previous approaches: “After the previous administration unfairly prosecuted 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, enabling innovation and protecting economic liberty.”
The March 7 summit appears positioned as a cornerstone event in establishing this new regulatory direction for the cryptocurrency industry in the United States.
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