US President Donald Trump will host the first peak of the White House cryptocurrency on March 7, combining industry leaders in order to discuss regulatory policies, Stablecoin supervision and the potential role of Bitcoin in the American financial system.
The participants will be “outstanding founders, general directors and investors from the cryptographic industry” together with members of the President’s working group for digital assets, in accordance with the announcement divided by the White House “AI AI and Cryptto Czar”, David Sacks, on March 1, 20 post.
At the summit, he will preside to sacks and managed by Bo Hines, executive director of the working group.
Source: David Sacks
Sacks was appointed Crypto of the White House, and the charm on December 6, 2024, to “work on legal frames, so that the cryptographic industry has the clarity he asked for and can develop in the US” – wrote Trump in the advertisement.
The role of Sacks will be “securing” online speech and “directing us from large technological bias and censorship,” added Trump.
Source: Donald Trump
Trump previously signaled that he intends to make cryptocurrency policy with a national priority and make the US a global center of Blockchain innovation. The upcoming peak can give the tone to cryptographic regulations over the next four years.
In Sacks, he is only two years elderly to exceed the pro-fire policy before the 2026 intra-Ben Elections in the USA, Joe Doll, the general advisor of NFT Marketplace Magic Eden, said Cointelegraph in an interview.
According to Doll, the government’s threat may suppress the regulations, and the current administration must push through pro-digit policy, and at the same time control both congress chambers.
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Stablecoin, the regulation of the Bitcoin reserve remains focused
Although there are no additional details about the Summit program, Stablecoin regulation and regulations related to the potential Bitcoin (BTC) strategic reserve were at the forefront of regulatory discussions in the USA.
The White House was announced a few days after Jeremy Allaire, co -founder of Circle, a company behind the second largest Stablecoin in the world, said that Stablecoin emitters around the world should be obliged to register in the US authorities.
Referring to consumer protection, Allaire argued that Stablecoin emitters from Dollar US should not get a “free pass”, enabling them to “ignore the US law and do what you want, wherever you want and sell to the United States.” Allaire said Bloomberg:
“Regardless of whether you are an offshore or in Hong Kong, if you want to offer your Stablecoin American dollar in the US, you should register in the USA, as we have to register everywhere.”
The upcoming peak can shed more lightweight on the upcoming legislation of Stablecoin, taking into account that the bags have previously been found that Stablecouins could “extend the dominance of the dollar on the international arena.”
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Interest in the Strategic Bitcoin reserve in the USA is also assumed. Until now, at least 24 countries have introduced provisions related to the potential Bitcoin reserve, Bitcoinlaws The data show.
United States with proposals for bitcoin reserve bills. Source: Bitcoinlaws
However, the Bitcoin reserve initiatives at the state level may not be a key moment for Bitcoin; According to Iliiy Kalchev, the analyst of shipping from Nexo is only a “symbolic move”, unless a significant purchase has been announced.
“Unless the interrogation does not present a short-term purchase plan or a earnest change in politics, the market response will probably be soft, because the attitude of Pro-Crypto in Texas is already well known,” said Kalchev Cointelegraph.
Over the past five years, Bitcoin has reached an average of 1,077% of returns, showing the lucrative potential of long -term maintenance strategy.
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