The White House is set to host a cryptocurrency industry discussion next week, featuring key figures from the crypto sector and the President’s Working Group on Digital Assets. The event marks a significant shift in the administration’s stance on digital assets, with officials committed to providing a clear regulatory framework for innovation.
The White House has announced that U.S. President Donald Trump will host a crypto summit on March 7, with key figures from the crypto industry and the President’s Working Group on Digital Assets in attendance.
The summit follows ‘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’ , Crypto and AI Czar David Sacks’ first public remarks, emphasizing the importance of keeping digital asset innovation in the U.S. The attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President’s Working Group on Digital Assets.
David Sacks is an American entrepreneur and author.
He co-founded Yammer, a social networking platform for businesses, which was acquired by Microsoft in 2012.
Sacks also served as the chief operating officer of PayPal from 2001 to 2004.
He has written several books on business and technology, including 'The Joy of Construction' and 'Mastering the VC Game'.
Sacks is a prominent figure in the tech industry and a sought-after speaker on entrepreneurship and innovation.
In his previous public remarks, ‘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’ Crypto and AI Czar David Sacks stated. The White House is committed to providing a clear regulatory framework, enabling innovation and protecting economic liberty.
The announcement comes at the end of a busy week for the crypto industry. A federal judge signed off on the Securities and Exchange Commission’s motion to withdraw its case against Coinbase, while the SEC also filed to pause its case against the Tron Foundation and founder ‘Justin Sun’ . Additionally, Joe Lubin, CEO of Ethereum incubator ConsenSys, and Cameron Winklevoss, co-founder of exchange Gemini, both stated that the SEC informed their respective companies that it would shutter its investigations into those firms.
According to the White House, ‘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 and enabling innovation in the crypto industry.
- coindesk.com | White House Announces Crypto Roundtable for Next Week
