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Trump to Host Crypto Summit to Hash Out Crypto Regulations Come 7 March, President Donald Trump will play host to the first-ever White House Crypto Summit, connecting industry leaders, investors, and members of the President’s Working Group on Digital Assets. The event will be led by White House AI & Crypto Czar David Sacks and Bo Hines, the executive director of the working group, with Trump delivering remarks at the inaugural gathering. Sacks, a South African-American venture capitalist, was appointed to the newly created AI & Crypto Czar position in December, signalling the administration’s commitment to the sector. Since taking office, he has prioritised key initiatives, including evaluating a US Bitcoin strategic reserve, developing a stablecoin regulatory framework, and pushing for updated SEC guidelines that favour crypto innovation. President Trump will host the first White House Crypto Summit on Friday March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there! pic.twitter.com/PEynzDuAOt — David Sacks (@davidsacks47) March 1, 2025 The release said: "Attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President's Working Group on Digital Assets." The White House has not disclosed the full list of summit attendees but emphasized in a press release that the administration is focused on establishing clear regulations while fostering innovation and economic freedom. The summit follows Sacks’ recent public remarks alongside congressional leaders, marking his first major address as Trump's crypto policy chief. He noted at press conference: "We want to keep that innovation onshore in the US. Financial assets are destined to become digital, just like every analog industry has become digital, and we want that value creation to happen in the United States, rather than giving it away to other countries." Current Administration Takes Jab at Former Administration The administration also condemned its predecessor for what it described as the unjust targeting and prosecution of the digital asset industry. The press release stated: "After the previous administration unfairly prosecuted the digital asset space, President Trump's policy vision represents a new era for digital financial technology. The administration is committed to providing a clear regulatory framework, enabling innovation and protecting economic liberty." Crypto Summit News Leaves Bitcoin Maxis Unimpressed Reactions to the summit were mixed within the crypto community, with some still recalling the high-profile ‘Crypto Ball’ in Washington, D.C., held before the inauguration. That event coincided with the launch of Trump’s meme coin, which briefly surged to a $14.5 billion market cap before plummeting by two-thirds, leaving many small traders at a loss. Longtime Bitcoin holder and Austrian economist Carl Menger voiced his frustration. Fuck them Crypto. Disgusting Shitcoin show. — Carl ₿ MENGER ⚡️🇸🇻 (@CarlBMenger) March 1, 2025 Meanwhile, the Bitcoin Therapist championed Bitcoin as the preferred alternative. Just say Bitcoin, it’s honest and more transparent. 99% of crypto are online gambling tokens with no purpose or utility. — The ₿itcoin Therapist (@TheBTCTherapist) March 1, 2025 Others, however, simply urged the president to avoid launching another meme coin. Ultimate Goal to Propel America to be the Global Leader in Crypto In a late Friday statement, the White House reaffirmed Trump’s commitment to becoming “America’s first crypto president” by establishing a clear regulatory framework that fosters innovation while protecting economic liberty. The administration criticised its predecessor for what it called unfair prosecutions of the digital asset industry and pledged to end regulatory uncertainty. The announcement follows Trump’s executive order creating an internal working group, chaired by Sacks, to position the US as a global leader in crypto. The group will focus on regulating a national crypto stockpile and developing a stablecoin framework. The order also repeals a directive from former President Joe Biden that sought to establish its own crypto regulations and explicitly bans the creation of a US central bank digital currency (CBDC). Will this summit finally bring long-awaited regulatory clarity, or will key questions remain unanswered?

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New research on Ethereum suggests a decentralized random block proposal system to replace the current architecture that has concentrated power among a few entities. Despite Ethereum’s ( ETH ) shift to Proof of Stake and adoption of Proposer-Builder Separation (PBS), approximately 80% of Ethereum blocks are currently proposed by just two entities. This concentration undermines the network’s decentralized foundation and allows these entities to hold most of the maximum extractable value (MEV). The proposed solution would fundamentally change Ethereum’s block creation process. Instead of specialized builders constructing blocks, all Ethereum clients (like Geth and Nethermind) would use an identical random algorithm to select transactions and roll-up blobs from their local mempools. This randomization would ensure no entity could predict or control transaction ordering. As per the research, this could effectively eliminate block-level MEV such as arbitrage and front-running opportunities. This approach could potentially reduce Ethereum’s current 12-second slot time to 6-8 seconds while supporting Danksharding’s future roll-up requirements. The timing of this research coincides with leadership changes at the Ethereum Foundation. Core developer Tim Beiko characterized these shifts as “one of the most consequential turning points in Ethereum’s history” in a recent X post. If we play our cards right, we'll remember today as one of the most consequential turning points in Ethereum's history. The last few months have been, to put it mildly, tumultuous. While it's clear that many things need to change for Ethereum to win, it's easy to overcorrect and… Beiko praised the appointment of Hsiao-Wei Wang and Tomasz Stanczak as co-executive directors of the Ethereum Foundation. He described it as striking “the right balance” between optimization and preserving Ethereum’s core values. Wang brings seven years of experience as an Ethereum researcher with contributions to the beacon chain, while Stanczak offers his background as a developer and organizational leader at Nethermind. “While it’s clear that many things need to change for Ethereum to win, it’s easy to overcorrect and kill the magic in search of maximal optimization,” Beiko wrote. He suggested that these leadership changes would help Ethereum stay “anchored to OG values while staying relevant for newcomers.” Despite his optimism, Beiko acknowledged the challenges ahead: “There’s a lot of work ahead of us and we shouldn’t delude ourselves into taking for granted that Ethereum will succeed at the level of its ambitions.”