Trump to Host Crypto Summit on March 7 at the White House
The White House has announced that U.S. President Donald Trump will host a crypto summit on March 7. Key points include:
- David Sacks, the White House Crypto and AI Czar, and Bo Hines, executive director of the digital assets working group, will lead the meeting.
- Trump will address attendees, including industry founders, CEOs, investors, and members of the President's Working Group on Digital Assets.
- This summit follows Sacks' recent comments emphasizing the need to keep financial innovation in the U.S.
- On the same day, a federal judge approved the SEC's motion to withdraw its case against Coinbase, marking a shift in the agency's stance towards the crypto sector.
- Joe Lubin and Cameron Winklevoss reported that the SEC would end investigations into their firms.
- The SEC also filed to pause its case against the Tron Foundation and Justin Sun.
The administration aims to establish a clear regulatory framework for digital assets, focusing on innovation and economic liberty.