The White House will host its first-ever Crypto Summit in March, chaired by Crypto Czar David Sacks, to create a regulatory framework for the cryptocurrency industry. The US Senate Banking Committee has also unveiled a crypto-focused subcommittee led by Senator Cynthia Lummis, who has been involved in crypto legislation since her first day in the House. President Donald Trump has introduced multiple interventions to support the industry, including the creation of a crypto working group and encouraging engagement with crypto services in the banking sector. The SEC is changing its enforcement approach and aims to develop a more transparent crypto policy, as seen in recent actions taken against Coinbase and Binance.
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