crypto summit at the White House
The White House is about to host a big meeting about cryptocurrency! This is the first time something like this has happened. President Donald Trump is inviting important people from the crypto world and his team to talk about digital money.
Who’s coming and what’s going to happen?
The meeting is in early March. David Sacks, the White House’s expert on AI and crypto, and Bo Hines, who helps run the team that works on digital money, will lead the meeting. Famous crypto bosses and investors are also coming.
Important people and their jobs
- David Sacks: He wants to keep digital money innovation in the U.S. and thinks all money will be digital someday.
- Bo Hines: He’ll make sure the meeting goes well and the talks match what the president wants.
The plan: New rules for crypto
The president made a rule saying a team should advise on digital money. Now, they want to make clear rules that help crypto grow but also protect people’s money. This is different from what the last president did.
A U.S. crypto bank?
President Trump wants to make a U.S. crypto bank! It would have important cryptocurrencies like Bitcoin and Ethereum. He also mentioned other cryptocurrencies like XRP, SOL, and ADA.
What people think
Some people like this idea, but others don’t. Joe Lonsdale, who started a company called Palantir, thinks it’s not a good idea to use the bank to pay for things.
What’s next for crypto in the U.S.?
The crypto meeting is a big deal. It might change how the U.S. thinks about cryptocurrency. We’ll see if they make a crypto bank or change the rules. No matter what happens, crypto’s future in America is about to change a lot!
Sources: