You may have missed important crypto updates if you were unplugged for the weekend.
Find out what the White House’s other important news was over the past weekend.
Trump’s AI & crypto-czar, Donald Trump will host the first-ever “crypto summit” On March 7, 2019.
“Attendees will include prominent founders, CEOs and investors from the crypto industry, as well as members of the President’s Working Group on Digital Assets,” The White House released a press release late on Friday night.
“The president will make remarks,” it said.
Remember that the Working Group is also led by Sacks and includes SEC Chairman Mark Uyeda, as well Treasury Secretary Scott Bessent.
Although the agenda for this summit has yet to be released, we expect that stablecoin and crypto-stockpile legislation will dominate.
The tension between the crypto industry and prominent members of Congress is evident in both the recently announced stablecoin stockpile, as well as several bills relating to it.
The people who wanted a Bitcoin-only reserve are disappointed that Trump intends to add four more tokens. We’ve previously written about stablecoins issued by US companies hoping to gain an advantage through lobbying the upcoming stablecoin legislation.
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