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Trump Announces White House Crypto Summit with Top Industry CEOs

  • The White House is set to host its first-ever Crypto Summit, chaired by Crypto Czar David Sacks, with prominent founders, CEOs, and investors expected to attend.
  • The summit aims to create a regulatory framework to guide the operation of cryptocurrencies and facilitate innovation in the financial ecosystem.
  • The US Senate Banking Committee has unveiled a crypto-focused subcommittee, led by Senator Cynthia Lummis, to collaborate with the Trump administration in introducing a regulatory framework for the industry.
  • The SEC has dismissed its civil enforcement action against Coinbase and is changing its enforcement approach to develop a more transparent crypto policy.

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