US President Donald Trump is scheduled to host the first Cryptocurrency Summit at the White House on March 7, 2025. This marks a critical moment for US digital asset policy.
This event clearly shows that the US government is now crypto-friendly and prioritizing regulatory clarity.
First White House Cryptocurrency Summit
On February 28, White House AI and Cryptocurrency Advisor David Sacks announced the summit, emphasizing the importance of growth in the cryptocurrency sector.
"President Trump will host the first White House Cryptocurrency Summit on Friday, March 7th. Attendees will include prominent founders, CEOs, and investors from the cryptocurrency industry," Sacks wrote on X.
According to the statement, President Donald Trump will lead the event, bringing together key industry leaders, investors, and policymakers to discuss the future of cryptocurrency regulation and innovation.
Sacks will chair the summit, and Bo Hines, the executive director of the working group, will serve as the moderator. Meanwhile,
The Crypto community views this as a step towards clear regulations that encourage growth while maintaining economic freedom. Industry leaders welcome this initiative, and Abra Global founder Bill Barhydt is optimistic about the potential impact of the summit.
Barhydt emphasized that a strong cryptocurrency policy could attract the best blockchain talent to the US and facilitate financial decentralization. He also mentioned that supporting the tokenization of real-world assets could increase demand for dollar-denominated debt, strengthening the economy.
"Wise US policy can bring talented Crypto developers to America, encourage investors to invest in the future without fear of retaliation, and give hope for a future of abundant opportunity for all," Barhydt said.
Meanwhile, the summit aligns with the Trump administration's broader efforts to make the US a global hub for Crypto innovation.
Trump has previously hosted the first Crypto Ball before taking office and established a dedicated White House office for AI and digital assets.
Crypto Showing Positive Momentum
The upcoming summit news has triggered a short-term recovery in the Crypto market. The total market capitalization increased by 4% after the announcement.
Specifically, Bit reached $85,000 after falling to $78,000 over the past week.
This price surge coincided with the reversal of an 8-day consecutive outflow from Spot Bit ETFs. On February 28, 12 funds recorded a net inflow of $94.3 million, reflecting a recovery in investor confidence.
Other major cryptocurrencies, including Ethereum, Cardano, Solana, and BNB, also recovered by 5%, reflecting optimism across the market.
