WASHINGTON, Aug 19 (Reuters) – President Donald Trump will host cryptocurrency executives on the White Home on Wednesday as U.S. monetary regulators this week put together to advance their framework for sure digital belongings, in accordance to media experiences.
Trump, who has earned greater than $1.4 billion from his household’s crypto ventures, is scheduled to make remarks with know-how leaders on the White Home within the afternoon, in accordance to his official schedule. Representatives for the White Home didn’t instantly return a request for remark.
Semafor reported that crypto executives could be attending Wednesday’s occasion. Representatives for prediction markets have been initially anticipated to attend however is not going to be included, it added, citing an unnamed White Home official. Different information shops additionally reported the deliberate attendance by crypto leaders.
The Republican president has pursued crypto-friendly insurance policies since returning to workplace in January 2025, notably by the Securities and Alternate Fee and the Commodity Futures Buying and selling Fee. Sweeping crypto laws has stalled in Congress.
The SEC on Tuesday proposed long-awaited guidelines that might exempt sure token choices from securities regulations, making it simpler for crypto corporations to subject tokens and lift cash. The CFTC is scheduled to focus on crypto regulation, amongst different points, at an trade gathering on Thursday.
CFTC Chair Mike Selig, SEC Chair Paul Atkins and crypto adviser Patrick Witt are anticipated to attend the White Home occasion together with commerce affiliation officers and representatives from corporations such as Coinbase, Ripple, Andreessen Horowitz and Nasdaq, Semafor reported, citing individuals acquainted with the occasion.
Reuters/Ipsos polling this week discovered {that a} majority of People imagine Trump and his household have inappropriately profited from the crypto sector since his return to energy and that his coverage selections are influenced by his personal enterprise dealings, which embrace World Liberty Monetary and the Trump meme coin.
Trump says that he has had no day-to-day function in his household’s enterprise and that his investments are independently managed. The White Home dismisses any allegations of impropriety.
(Reporting by Susan Heavey and Michelle Value; Enhancing by Paul Simao)
