25 key players have been invited to the White House Crypto Summit but their identities are under wraps. The high-profile event is expected to set off a chain reaction for positive crypto regulation by the Trump-led government. Here’s all there is to know about the first-of-its-kind event by the US executive.
White House Crypto Summit Will Have Industry Behemoths In Attendance
An official disclosure from the White House for a crypto summit has sent the industry buzzing with excitement. Per the announcement, US President Donald Trump will deliver key remarks at the event scheduled for March 7.
Led by crypto czar David Sacks, the report confirms that the White House Crypto Summit will be administered by Bo Hines, executive director of The Presidential Council of Advisers on Digital Assets.
Insiders claim that the summit will feature 25 individuals from the cryptoverse, including exchange founders and thought leaders. Exact names are shrouded in mystery but sources say an official list will be published in the coming days.
The event is coming on the heels of a wave of SEC case dismissals against prominent crypto sector players, signaling a new dawn for the industry
“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,” read the White House statement.
The Summit Will Explore Digital Asset Regulation Issues
The event will broach several issues but sources say regulation will be at the top of the pile. Crypto czar David Sacks and Bo Hines have been blowing hot on a raft of new forward-thinking regulations for stablecoins and other digital assets.
In particular, the summit will feature conversations around cross-agency crypto regulations while interfacing with the private sector. There is speculation that the White House Crypto Summit may replace the previously touted Crypto Advisory Council.
Several pundits say a Bitcoin Strategic Reserve for the US will feature prominently in the White House Crypto Summit discussions.
The summit will be the first in a long streak of conversations between the White House and the private sector. Experts say the summit’s composition will change each edition as the White House seeks diverse opinions for new regulations.
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