As the clock ticks towards a highly anticipated meeting at the White House involving key figures in the crypto industry and US government officials, there is a flurry of predictions concerning the event’s agenda, with regulatory clarity being a front runner.
On March 7, a congregation of crypto company CEOs and founders is set to engage with US President Donald Trump, discussing an array of topics such as regulatory policies, stablecoins, and a potential strategy for establishing a governmental crypto reserve. A senior White House official affirmed that the summit’s focus would not be on taxation but on revising previously instituted policies.
“We are eager to see what specific objectives will be set forth during the summit. However, there is a general expectation that it will foster a regulatory framework that the American crypto industry has been longing for: clarity without suffocation,” comments Les Borsai, co-founder of Wave Digital Assets, speaking to Cointelegraph.
Borsai further emphasized that the summit, announced merely a week ago by Trump, could mark a turning point in the US crypto industry.
Confirmed attendees of the event include top executives from major crypto businesses like Ripple and Coinbase. Meanwhile, speculation is rife that Tether CEO Paolo Ardoino, who recently announced his presence in Washington, DC, might also join the White House event.
Despite the excitement, some concerns have been raised about potential conflicts of interest, particularly in light of Trump’s recent launch of his memecoin. Critics argue that as his team controls a substantial share of the coin’s total supply, Trump could potentially manipulate investors.
Leading companies such as Ripple and Coinbase have donated substantial amounts to a political action committee potentially aiding Republican colleagues of Trump. The current administration’s SEC has also halted investigations against many firms expected to be present at the March 7 White House event.
The summit could also include discussions on America’s role in the digital asset space and the establishment of a strategic Bitcoin reserve.
