President Donald Trump is set to host the inaugural cryptocurrency summit at the White House on March 7. The event will feature prominent figures from the cryptocurrency industry and members of the President's Working Group on Digital Assets. The summit, spearheaded by David Sacks and overseen by Bo Hines, aims to foster a regulatory environment that supports digital assets.
In a notable departure from the previous administration's stance, Trump signed Executive Order 14178 to advance cryptocurrency adoption while mitigating associated risks. Some critics warn that relaxing oversight could result in increased volatility, citing past incidents such as the FTX collapse and expressing concerns about potential harm to consumers.