With many leaders of the crypto industry and US government officials who are expected to gather in the White House within minutes, some have thought that the event will explore the clarity of regulation.
On March 7, United States President Donald Trump is expected to address an audience of CEOs of the Crypto company and founder to discuss regulatory policies, stablecoins and a proposed plan to establish a strategic crypto reserves in government. An old White House officer said before the event that the summit is not committed to taxes But instead of “rolling” policies that the previous administration has placed.
“While we have to wait and see what concrete goals come out of the peak, there is an optimization that it will continue to develop a regulation framework that gives the US crypto industry what it needs: clarity without surprise,” Les Borsai, co-founder of wave digital assets, told cointelegraph.
“After years of watching change has escaped more lovely jurisdictions abroad, this summit represents the first joint effort to reverse the talent of talent and create the same immediate path to regulatory assurance and a long -term outlook for the role of blockchain in American finance architecture,” Borsai added.
Trump The summit was announced Less than seven days ago. Executives from major crypto companies, including Ripple CEO Brad Garlinghouse and CEO of Coinbase Brian Armstrong, have confirmed that they will be attending. Many think that Tether CEO Paolo Ardoino, who posted on social media that he was in Washington, DC on March 6, could also visit the White House.
Conflicts of Crypto Investment Interest?
Having the company’s executive executives meet with a US president is not required a rare event. However, many lawmakers have Trump has criticized for potential conflicts of interest Following the launch of his own Memecoin on January 17. Some of the crypto spaces suggested that while the Trump coin team controlled 80% of the total supply, the US president could still be angry with investors.
“(…) Trump leaned against the use of crypto platforms to personally enrich himself,” Says Robert Weissman, co-president of the consumer advocacy organization. “These companies – many of them are present at the White House event today – seem to successfully buy the influence they are looking for. That fact should be a deep alarm for every American, no matter how much they feel about crypto.”
Companies like Ripple and Coinbase contributed millions of dollars to a political action committee that could help many of Trump’s Republican colleagues elected in 2024. Dropped investigations and execution actions Against many companies represented in the White House on March 7, including Coinbase, Gemini, Kraken and Robinhood.
Borsai again pushed against the conflicts of Trump’s interests, claiming that the US president of the Crypto “did not create the market but instead recognized what was already there.”
https://www.youtube.com/watch?v=6ulabdvqwre
Related: Trump’s World Liberty bought a $ 20m amount of crypto before the March 7 Summit
Other industry leaders attend the event, including chainlink co-founder Sergey Nazarov, suggested That the summit may focus on the US leadership in the digital asset space. In cointelegraph comments, Jennifer Schulp, a director of financial regulations at the Cato Institute who also testified at Congress in Crypto, which has been warned against exploring any regulation of “winners (s) who won and defeated, which eventually aggravated the consumer’s choice and change.”
The summit will also follow Trump Signing an executive order The establishment of a “strategic bitcoin reserve” and a “digital stockpile” asset “using crypto seized in federal criminal cases. A White House officer identified that the executive’s order was not a “permanent law,” which declares lawmakers in hoping Congress may move forward in the establishment of a crypto reserve.
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