Trump to hold crypto summit at White House

A statement issued by the White House revealed that US President Donald Trump will hold a crypto summit next Friday, and the White House confirmed in its statement that the US administration is committed to establishing a clear regulatory framework for the crypto market, with the aim of promoting innovation and protecting economic freedom

The first crypto summit at the White House comes in a move that reflects Trump’s growing support for this industry, which has been the subject of widespread controversy in economic and regulatory circles.

According to the statement, Trump is scheduled to deliver a speech during the summit, which will bring together a group of prominent founders, CEOs and investors in the crypto sector, in addition to members of the President’s Task Force on Crypto Assets. The summit will be led by venture capitalist David Sachs, known as the “Crypto Czar in the White House”, while the Executive Director of the Task Force, Bo Hines, will be responsible for managing the event, according to the official statement.

Last January, as Trump entered the White House to assume his duties as President of the United States, data showed that the new cryptocurrency bearing the name of Trump rose astonishingly overnight, rising by 19,000% from its opening price, as trading on January 20, 2025, exceeded the value of the cryptocurrency at $58. This comes amid crazy demand for Trump’s currency, making the currency one of the 12 largest cryptocurrencies in the world in less than two days.