Trump to host the first White House encryption summit amid the uncertainty in the market-Cryptomode
The coded currency industry is about to occupy the center of the lead in Washington, as President Donald Trump is preparing to host the first White House encryption summit on March 7.
this It happened It comes in an important moment, where digital asset markets suffer from severe volatility, bitcoin is struggling to maintain the main price levels, and the uncertainty surrounding the future of encryption regulation in the United States
The leadership of the summit will be David Sachs, who holds the position of Trump of artificial intelligence and Crypto Czar, along with Bo Hines, CEO of the work group of digital assets. This working group was created through an executive order early from Trump’s presidency to develop an organizational framework for digital assets, nails, and the potential American Bitcoin Reserve.
🚨NEW: And Whitehouse and Realdonaldtrump It will host the first encryption summit ever next Friday, March 7, which includes senior executives, investors and presidential work group members on digital assets, including @Davidsocks47 and @Bohines. pic.twitter.com/psfr5czy8V
Eleanorterrett March 1, 2025
The timing of the summit is noticeable, given the ongoing conflicts in the encryption market. Over the course of last month, digital assets witnessed a sharp decrease, as Bitcoin lost 25 % of its value since Trump’s uprising and Ethereum decreased over 21 %.
This event is scheduled to bring together the main executives of investors, investors and organizers for discussions that could constitute Blockchain policies in the country for years to come.
What was expected to be before was a pro -captain presidency, so far, has failed to provide a kind of stability that many investors hope for. Some industrial leaders wonder whether Trump’s broader economic policies – such as the high definition threats on the main commercial partners – are negatively affecting investor confidence.
Summit of encryption: stablecoins, bitcoin reserves, and organization
While the full summit agenda is still unknown, discussions will most likely focus on overseeing Stablecoin, organizational transparency, and the concept that has long been tasked with the Bitcoin Strategic Reserve. This event also follows recent notes from CEO of Serkeli Jeremy Aller, who suggested that all exporters be asked from the US dollar-backed Stablecooin-whether local or abroad-registration with the American authorities.
Trump hinted that Stablecoin will be a top priority for his administration, stressing that the United States should lead to the issuance of the digital dollar to maintain its financial domination. Sacks, who has repeated similar feelings, believes that Stablecoins can play an important role in expanding the impact of the US dollar worldwide.
There is also a growing interest in the state -backed bitcoin reserves, as at least 24 states submitted legislation on this issue. Although it is still not certain whether the federal government will look at a similar step, it is expected to be the subject of discussion at the top.
