Cryptocurrency and AI czar David Sacks and “prominent founders, CEOs and investors” will meet with US President Donald Trump at the White House.
Updated Mar 1, 2025 16:17 UTC Published Mar 1, 2025 2:31 UTC
What you need to know:
- US President Donald Trump plans to hold a cryptocurrency summit on March 7, which will include key crypto industry figures and the President's Task Force on Digital Assets.
- The event followed the first public statements by David Sachs, the Czar of Cryptocurrency and Artificial Intelligence, in which he emphasized the need to support innovation in the digital asset space in the United States.
The White House has confirmed that US President Donald Trump will host a cryptocurrency summit on March 7.
A press release issued late Friday said the meeting would be led by David Sachs, the White House's chief of cryptocurrency and artificial intelligence, and Bo Hines, executive director of the digital asset task force, though Trump will also speak at the summit.
“Attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the Presidential Task Force on Digital Assets,” the press release noted.
The summit comes about a month after Sachs, along with congressional leaders, made his first public statement as Trump's crypto czar.
“Our goal is to keep this innovation in the United States,” he said at a press conference on Feb. 4. “Financial assets need to become digital, just like every analog industry has become digital, and we want to make sure that value creation happens in the United States and not outsourced to other countries.”
The White House did not name other summit participants.
Friday's announcement caps a busy week for the crypto industry. Earlier in the day, a federal judge approved the Securities and Exchange Commission's motion to dismiss the case against Coinbase.
Joe Lubin, CEO of Ethereum incubator ConsenSys, and Cameron Winklevoss, co-founder of the Gemini exchange, said earlier this week that the SEC had notified their companies that its investigations into the firms had been completed.
The Securities and Exchange Commission (SEC) also filed a motion to stay the case against the Tron Foundation and its founder Justin Sun.
“After the previous administration unfairly targeted the digital asset space, President Trump’s policy vision ushered in a new era for digital financial technology,” the press release stated. “The administration is committed to providing a clear regulatory framework that fosters innovation and protects economic freedom.”
