The White House is hosting its first Crypto Summit, chaired by AI and Crypto Czar David Sacks to mark a new era of regulatory clarity for the crypto industry.<\/p>\n 2 min read<\/span><\/p>\n Updated:<\/span> Mar. 2, 2025 at 1:04 pm UTC<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n Cover art\/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.<\/p>\n<\/div>\n<\/div>\n The White House has announced that it will hold the first Crypto Summit on Friday, March 7, for prominent founders, CEOs, and investors from the crypto industry, along with members from the President\u2019s Working Group on Digital Assets. At a time when market sentiment, as measured by the Crypto Fear and Greed Index<\/a>, reaches its lowest point since 2022, the new administration seeks to highlight its support for the industry\u2019s continued growth.<\/p>\n The President will host and deliver remarks at the inaugural summit, and the event will be chaired by the White House\u2019s \u2018AI and Crypto Czar\u2019 David Sacks<\/a>, who posted<\/a>:<\/p>\n President Trump will host the first White House Crypto Summit on Friday March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there!<\/p>\n<\/blockquote>\n South African-American venture capitalist Sacks was named the White House AI and Crypto Czar last December, a newly created position to underscore the Trump administration\u2019s dedication to the sector. Since taking office, Sacks has begun to prioritize the assessment of a US Bitcoin strategic reserve<\/a>, a stablecoin regulatory framework, and new SEC guidelines to prioritize crypto.<\/p>\n The White House statement released late Friday doubled down on Trump\u2019s intent to be \u201cAmerica\u2019s first crypto president\u201d and provide \u201ca clear regulatory framework enabling innovation and protecting economic liberty\u201d after four years of uncertainty from an administration that \u201cunfairly prosecuted the digital asset space.\u201d<\/p>\n The news of the summit was met with mixed responses from the crypto community, many of whose memories are still fresh from the \u2018Crypto Ball\u2019 that gathered industry movers and shakers in Washington DC ahead of the inauguration and coincided with the launch of Trump\u2019s memecoin<\/a> that soared to a market cap of $14.5 billion within hours before slumping in value by two-thirds leaving small traders underwater.<\/p>\n \u201cF*** them, crypto. Disgusting Sh*tcoin show,\u201d commented<\/a> long-term Bitcoin holder and Austrian economist Carl Menger. \u201cJust say Bitcoin. It\u2019s honest and more transparent. 99% of crypto are online gambling tokens with no purpose or utility,\u201d posted<\/a> the Bitcoin Therapist, while many others simply implored the president not to launch another memecoin.<\/p>\n![\"bitcoins](\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/imgresize\/timthumb.php?src=https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/11\/bitcoin-whitehouse-.jpg&w=70&h=37&q=75\")
White House announces first crypto summit as Bitcoin bounces<\/span> Christina Comben \u00b7<\/span> 2 weeks ago<\/span> \u00b7 2 min read<\/span> <\/span> <\/span> <\/span> <\/span><\/p>\n![](\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/05\/author-christina-comben-150x150.jpg\")
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Bitcoins Bitcoin maxis not impressed by Crypto Summit<\/h2>\n
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