President Donald Trump will host and deliver remarks at the first-ever White House Crypto Summit on Friday, March 7, 2025. The summit will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President’s Working Group on Digital Assets. It will be chaired by White House A.I. & Crypto Czar David Sacks and administered by the Working Group’s Executive Director, Bo Hines.
President Trump signed Executive Order 14178 shortly after taking office, establishing a policy to support the “responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy.” This order revoked Executive Order 14067 (March 9, 2022), which focused on ensuring responsible development of digital assets under the previous administration and directed the Treasury Department to revoke its “Framework for International Engagement on Digital Assets” from July 7, 2022.
The order explicitly prohibits the establishment of Central Bank Digital Currencies (CBDCs) in the U.S., citing threats to financial stability, individual privacy, and U.S. dollar sovereignty. It emphasizes protecting citizens’ ability to use public blockchain networks, promoting U.S. dollar sovereignty through stablecoins, and ensuring fair access to banking services for crypto companies.
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The executive order created a Working Group on Digital Assets, chaired by White House A.I. & Crypto Czar David Sacks and administered by Executive Director Bo Hines. The group includes officials from key agencies such as the Treasury Department, Department of Justice, Securities and Exchange Commission (SEC), and Commodity Futures Trading Commission (CFTC). Within 180 days of the order, the Working Group is tasked with submitting a report to the President, proposing a federal regulatory framework for digital assets, including:
Governance of the issuance and operation of digital assets, such as stablecoins. Market structure, oversight, consumer protection, and risk management. Evaluation of a national digital asset stockpile, potentially using cryptocurrencies seized through law enforcement efforts, and criteria for establishing such a stockpile.
The summit, hosted by President Trump, aims to bring together prominent founders, CEOs, investors from the crypto industry, and members of the Working Group to discuss regulatory policies. It is expected to provide clarity on upcoming crypto regulations, with a focus on:
Stablecoin Regulation: There is significant interest in creating a regulatory framework for stablecoins to extend the U.S. dollar’s dominance internationally and ensure consumer protection.
Bitcoin and Digital Asset Reserves: The summit may address the feasibility and structure of a U.S. Strategic Crypto Reserve, which Trump has indicated will include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), among other “valuable cryptocurrencies.” This aligns with state-level initiatives in at least 24 U.S. states exploring Bitcoin reserves.
Regulatory Clarity and Innovation: The administration is committed to providing a “clear regulatory framework” that enables innovation, protects economic liberty, and prevents the regulatory overreach seen under the previous Biden administration, which faced criticism for aggressive enforcement against crypto firms.
The SEC, under acting Chair Mark Uyeda, has taken steps to signal a pro-crypto stance, including Creating a “Crypto Task Force” to clarify the regulatory framework for crypto assets. Rescinding Staff Accounting Bulletin No. 121 (SAB 121), which had required crypto custodians to treat held assets as liabilities on their balance sheets, a move seen as stifling institutional adoption. This was replaced with new guidance (SAB 122) to encourage crypto custody.
Dropping or pausing lawsuits and investigations against major crypto firms like Coinbase, Binance, ConsenSys, Gemini, Uniswap and the Tron Foundation, reflecting a shift away from the Biden-era crackdown on fraud and money laundering. The administration has also pushed for bipartisan crypto-friendly legislation, with some Republican senators advocating to remove IRS reporting requirements for decentralized finance and new rules from the Consumer Financial Protection Bureau for digital wallets.
President Trump has positioned himself as “America’s first crypto president,” aiming to make the U.S. the “crypto capital of the world.” His administration seeks to reverse the previous administration’s tough regulatory approach, which included lawsuits against exchanges like FTX, Coinbase, and Binance, and to foster an environment where digital financial technology can thrive.
The policy emphasizes technology-neutral regulations, transparent decision-making, and well-defined jurisdictional boundaries to support a vibrant digital economy, permissionless blockchains, and distributed ledger technologies. The crypto community remains divided, with some skeptical of the administration’s motives, given Trump’s past criticism of crypto as a ”scam” and his family’s involvement in memecoins.
The Whitehouse Crypto event aims to support the responsible growth and use of digital assets across all sectors of the economy, reflecting President Trump’s commitment to providing a clear regulatory framework, enabling innovation, and protecting economic liberty in the digital financial technology space.