What to expect at Donald Trump’s crypto summit

Since US President Donald Trump’s AI and crypto czar, David Sacks, announced plans for the White House to big a acme featuring manufacture leaders and policymakers, galore are questioning what the absorption of the lawsuit volition be.

On March 7, according to Sacks, “prominent founders, CEOs, and investors from the crypto industry” volition meet with members of Trump’s moving radical connected integer assets astatine the White House, presumably to sermon argumentation issues related to crypto and blockchain and a imaginable regulatory framework. The announcement preceded the US president’s intention to see XRP (XRP), Solana (SOL) and Cardano (ADA) successful a crypto strategical stockpile being explored by the moving group. 

Among the individuals confirmed to beryllium attending the White House lawsuit are Trump, Ripple CEO Brad Garlinghouse, Strategy enforcement president Michael Saylor, Chainlink co-founder Sergey Nazarov, Sacks, and moving radical enforcement manager Bo Hines.

Garlinghouse supported Trump’s statesmanlike run personally and helped “pro-crypto” lawmakers done Ripple’s donations to the governmental enactment committee Fairshake, starring immoderate to speculate that different donors — including Coinbase CEO Brian Armstrong, Gemini co-founders Cameron and Tyler Winklevoss and Kraken co-founder Jesse Powell — mightiness besides be the summit.

Source: Michael Saylor

Since taking bureau successful January, Trump and Republican lawmakers person projected establishing a strategical crypto reserve, banning cardinal slope integer currencies, and studying a broad integer plus regulatory framework. The US Securities and Exchange Commission nether Trump has besides dropped investigations and enforcement actions against galore firms involving integer assets. 

Crypto policies, EOs and laws nether Trump

Some Republican lawmakers successful the 119th league of Congress person already moved guardant connected crypto-related legislative priorities by proposing competing stablecoin bills. However, immoderate Democratic lawmakers person utilized hearings to knock Trump for launching his ain arguable memecoin successful January anterior to taking bureau — a task whose squad continues to gain millions of dollars from trading fees.  

Related: Public Citizen accuses Trump of ‘soliciting’ gifts with memecoin posts

Though galore leaders successful the crypto manufacture person testified during legislature hearings, the acme appears to beryllium the archetypal ample gathering of integer plus executives astatine the White House. Former FTX CEO Sam Bankman-Fried reportedly met with officials successful the Biden medication successful 2022.

At the clip of publication, determination were nary further details disposable regarding the crypto summit’s agenda. Cointelegraph reached retired to the White House and Hines for remark but did not person a effect astatine the clip of publication.

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