On March 1, the White House announced that it will host the first-ever Crypto Summit on March 7 (US time). The event will bring together many important figures in the cryptocurrency field, including founders, CEOs and major investors in the digital asset industry.

President Donald Trump to Deliver Live Speech
According to the plan, President Donald Trump will deliver the opening speech at the conference. However, it is unclear whether he will participate in the discussion sessions or not. The conference will be chaired by David Sacks, Crypto and AI Policy Advisor to the President, and Bo Haines, Chairman of the White House Crypto Council.

Trump's Commitment to Crypto
Since his election campaign, Donald Trump has repeatedly affirmed his support for crypto, calling himself the "Crypto President." After taking office, he signed an executive order establishing a cryptocurrency policy research group, considering the creation of a strategic Bitcoin reserve fund, and directing the US Securities and Exchange Commission (SEC) to reduce lawsuits against companies in the industry.

However, some of the Trump administration's policies remain controversial. Tariffs imposed on countries with trade conflicts with the US have negatively affected the crypto market, causing Bitcoin prices to fall 28% from their January all-time high, returning to the November 2024 price range.

Doubts about the US Bitcoin reserve fund
One of Mr. Trump's major commitments was to establish a strategic Bitcoin reserve fund for the United States. However, this plan has not yet been realized, raising doubts about its feasibility. In addition, the Trump family's issuance of two memecoins TRUMP and MELANIA in January was also criticized as hasty, affecting the President's reputation in the crypto investor community.

The Crypto Summit on March 7 is expected to clarify the Trump administration's policy towards the cryptocurrency industry in the coming time.