Trump will be the host of the first cryptographic summit of the White House on March 7

The president of the United States, Donald Trump, will be the host of the first Cryptographic Summit of the White House on March 7, gathering industry leaders to discuss regulatory policies, the supervision of the stable and the potential role of bitcoin in the financial system of the United States.

Attendees will include “outstanding founders, CEO and investors of the cryptographic industry”, together with members of the president's working group on digital assets, according to an announcement shared by the White House “ai and crypto Czar”, David Sacks, in a March x x <a target="_blank" data-ct-non-breakable="null" href="https://x.com/davidsacks47/status/1895660834799698008/photo/1″ rel=”null” target=”null” text=”null” title=”null”>mail.

The summit will be chaired by sacks and managed by BO HIES, the executive director of the working group.

Sacks was named cryptographic of the White House and ai and Tsar on December 6, 2024, to “work in a legal framework for the cryptographic industry to have the clarity that has been asking and can prosper in the United States,” Trump wrote in the announcement.

Part of the paper of Sacks will be “safeguarding” the online speech and “moving away from the bias and censorship of Big tech, Trump added.

Trump has previously indicated that he intends to make cryptographic policy a national priority and make the United States a global center for blockchain innovation. The next summit can establish the tone for cryptography regulations in the next four years.

Sacks is only two years old to boost Pro-crypto policies before the mid-period elections of 2026 in the United States, Joe Doll, nft Marketplace Magic Eden general advisor, told Cointelegraph in an interview.

According to the doll, the threat of a blocked government could suffocate the regulations, and the current administration must promote pro-crypto policies while still has control of both Congress cameras.

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Stablecoin, the regulation of the bitcoin reserve remains focus

While there are no additional details on the agenda of the summit, regulation and legislation of Stablecoins related to a possible bitcoin strategic reserve (btc) have been at the forefront of regulatory discussions in the United States.

The White House announcement occurred days after Jeremy Allaire, co -founder of Circle, the company behind the world's second largest, said that Stablecoin emitters around the world should be obliged to register with US authorities.

When citing consumer protection, Allaire argued that Stablcoin emitters based on US dollars should not obtain a “free pass”, which allows them to “ignore the law of the United States and do whatever you want wherever you want and sell to the United States.” Allaire told him Bloomberg:

“Whether it is an offshore company or with Hong Kong headquarters, if you want to offer your US dollar state in the United States, you must register in the US. As we have to register anywhere else.”

The next summit can shed more light on the next Stablecoin legislation, considering that Sacks previously declared that Stablecoins could “extend the domain of the dollar internationally.”

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Interest in a strategic bitcoin reserve based in the US. UU. It is also increasing. Until now, at least 24 states have introduced legislation related to a possible bitcoins reserve, Bitcoinlaws The data show.

However, bitcoin reserve initiatives may not represent a crucial moment for bitcoin; According to Iliya Kalchev, a nexus office analyst, they are just a “symbolic movement” unless a significant purchase is announced.

“Unless the audience presents a short-term purchase plan or an important policy change, the market response is probably mild, since the pro-Christo of Texas is already well known,” Kalchev told Cointelegraph.

bitcoin has averaged more than 1.077% of returns in the last five years, showing the lucrative potential of a long -term tenure strategy.

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