On Friday, March 7, President Trump will host the first-ever White House Cryptocurrency Summit and deliver a speech.
It is known that the working group on artificial intelligence and digital assets will take part in the event. Its chairman David Sachs will lead the summit, the executive director of the working group Bo Heins will lead the organization of the summit.
The summit will be held in accordance with Executive Order 14178, which Trump signed in his first week as US president. The document outlines his administration's commitment to the "responsible growth and use of digital assets across all sectors of the economy" and the need to encourage the adoption of cryptocurrencies.
During the election campaign, Trump repeatedly accused his predecessor Joe Biden of unfairly persecuting the crypto industry and promised to become the first crypto-friendly president in US history. The White House summit will be a political statement of sorts for Trump, who wants to show himself as a leader who advocates innovation.
The crypto industry was very enthusiastic about the summit, with Sarah Jennings, CEO of blockchain analytics company CryptoPulse, saying that the meeting “could be a game-changer, especially if authorities deliver on their promise to bring clarity” to digital asset regulation, as “businesses need predictability to thrive.”
