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Will the White House Organize a New Major Crypto Summit? Senior Official Answered
According to Bo Hines, Executive Director of the Digital Assets Presidential Working Group, it is unlikely that the White House will host another large-scale cryptocurrency summit in the near future. Instead, the administration plans to focus on smaller, more targeted discussions to address specific policy areas.
This change comes after last week's milestone White House crypto summit where President Donald Trump brought together more than 30 top crypto industry executives and senior government officials at the State Dining Room. The event quickly became a sought-after invitation in crypto circles and prompted the organizers to expand the seating area to accommodate high-profile participants.
As management sector leaders continue to evaluate their future relationships, Hines suggested that smaller 'sub-sectoral summits' will allow for deeper discussions on urgent regulatory issues.
Hines said in his statement, "We want to make sure it's just a process that gives us the most efficient and best possible information so we can make good decisions."
These targeted discussions will likely focus on legislative initiatives currently being debated in Congress, particularly in areas such as stablecoins and the overall market structure. Other specific topics may include centralized exchanges, crypto mining, energy consumption, and investment strategies.
After Trump's reelection, there were initial speculations that his administration would establish a permanent crypto council consisting of top industry executives. However, plans changed in January, and instead of that, the White House formed a digital assets working group consisting of Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Chief of Artificial Intelligence and Crypto David Sacks among other administration officials.
Hines confirmed that it will convene to analyze sector feedback before coordinating with congressional leaders to outline the main steps of the working group's concrete policy after last week's opening summit.