The White House is set to convene its inaugural “Crypto Summit” on March 7, bringing together founders, chief executives, and investors from the digital currency industry to discuss strategies for fostering innovation and establishing clear regulatory guidelines for virtual assets.
David Sachs, who is the administration’s “AI and Crypto Czar,” is slated to moderate the event, which marks the first time the White House has formally gathered industry stakeholders under one roof to deliberate on policies for virtual currency.
The summit’s agenda is expected to include a broad examination of evolving legislative proposals, such as a draft bill focused on stablecoins and another on classifying Bitcoin as a strategic reserve asset. Founders of digital asset firms, CEOs, investors, and members of the Trump administration will participate in the event.
The Crypto Summit contrasts to the anti-digital asset innovation policy of the Biden Administration. The top securities regulator, the SEC, sought to undermine the development of the technology by taking an approach of regulation by enforcement. At the same time, allegations swirled about government collusion designed to debank crypto firms thus undermining their viability.
By establishing a pro-crypto administration, the US is now positioned to perhaps lead global development, including the advent of digital securities.
Market watchers have been scrutinizing digital currency prices in recent months, which climbed significantly after Donald Trump won the U.S. presidential election in late November.
However, those gains have since reversed following the inauguration, due in part to a series of comprehensive tariff policies rolled out by the new administration.
Analysts say the summit’s timing is critical, given the uncertainty surrounding regulatory direction and industry participants’ desire for a more predictable framework.
President Trump previously signed an executive order in late January establishing a working group dedicated to digital assets. That panel is expected to present potential pathways for regulating stablecoins and for determining whether Bitcoin should be granted strategic reserve asset status.
Stablecoins, which are designed to maintain steady value by pegging their tokens to an external asset like the U.S. dollar, are widely seen as a tool to uphold dollar dominance. Tether (USDT) and USD Coin (USDC), two leading stablecoins, match the greenback one-for-one, thereby boosting demand for U.S. dollars as more tokens are issued.
It remains unclear if the possibility of designating Bitcoin as a national strategic reserve will be addressed as a central topic.