Mar 1, 2025 - Business

Trump — America's "first crypto president" — to host summit on the currency

Axios

Photo illustration of President Donald Trump and First Lady Melania holding hands over a background grid of arrows, coins, and dollar signs — Photo illustration: Sarah Grillo/Axios. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Image

President Trump will speak at the first-ever White House Crypto Summit next Friday.

Why it matters: Trump has promised to be America's "first crypto president," and said Feb. 19 that he's "committed to making America the crypto capital."

The Trump family launched the Official Trump (TRUMP) and Melania Meme (MELANIA) coins Jan. 17 and Jan. 18, making them tens of billions of dollars in crypto wealth (on paper).

Zoom in: The White House says summit attendees will include prominent crypto founders, CEOs and investors.

The summit will be chaired by White House A.I. & Crypto Czar David Sacks, and run by Bo Hines, executive director of the President's Working Group on Digital Assets.

The intrigue: The announcement comes amid a global sell-off in cryptocurrencies, which has some investors fearing the market's "Trump bump" may be over.

Bitcoin is off 22% from the all-time high it set the day Trump was inaugurated.
The global market capitalization of all cryptocurrencies combined is down 13% in just the last week, per CoinGecko data.

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Trump — America's "first crypto president" — to host summit on the currency

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