The upcoming White House Crypto Summit, hosted by President Donald Trump, is being closely monitored by industry leaders as it could reshape US digital asset policies and address long-standing regulatory disruptions.
“The US needs to show that it’s open to business,” Rushi Manche, co-founder of the Athletic Lab, told Thestreet Crypto.
After a long-term lawsuit with the U.S. Securities and Exchange Commission (SEC), the industry says it hopes that regulatory clarity will drive growth and job creation for businesses in the country.
“The clarity of regulations is the only biggest lever the US can pull to maintain its top-notch blockchain talent,” said Sid Powell, CEO of blockchain institutions’ capital market Maple.
Saga CEO Rebecca Liao has advised Clinton and Biden’s presidential campaigns through technology, but agreed. “We need clear regulatory measures to ensure that the project changes its current strategy and truly opens up the US market,” she said.
However, she noted that Congress is important in moving forward with custody laws. “Most of the policy victories Crypto is celebrating, including strategic reserves and potential tax easing,” she said.
The industry has a two-year window with limited support in Congress to establish rules that can shape Crypto’s leadership for years to come, adding Les Borsai, co-founder of Wave Digital Assets and Crypto’s state and federal government advisor.
The White House Crypto Summit on Friday is expected to be an exclusive relationship limited to top industry leaders. These include Strategy Chairman Michael Saylor, BTC Inc. CEO David Bailey, Robinhood CEO Vlad Tenev, Paradigm co-founder Matt Huang, Exodus CEO JP Richardson and Kraken Ce-Ceo-Arjun Sethi.
Some cryptography experts predict that Trump’s recent mention of US crypto sanctuaries will help encourage conversations in that direction. “In my view, that will be the number one priority at the event,” Syscoin Foundation president Jagdeep Sidhu told Thestreet Crypto. “It’s clear that administrations that include more diverse asset classes will be preferred, but I think that many industry leaders are questioning the decision to include Altcoin such as XRP, ADA, and SOL, so they will be forced to defend their position during the summit.”
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