Trump announces upcoming big night, inaugural cryptocurrency summit

US President Donald Trump has announced a big night scheduled for March 4, when he will tell it like it is.

“TOMORROW NIGHT WILL BE BIG. I WILL TELL IT LIKE IT IS!” Trump wrote in Truth Social, Caliber.Az reports.

However, the US president did not specify what exactly he was referring to.

Earlier, he posted a message discussing his role in resolving the conflict in Ukraine, highlighting “The only President who gave none of Ukraine’s land to Putin’s Russia is President Donald J. Trump. Remember that when the weak and ineffective Democrat’s criticize, and the Fake News gladly puts out anything they say!” 

But that’s not the only major event on Trump’s calendar. Just a few days later, President Trump will host the White House’s inaugural cryptocurrency summit on March 7, further solidifying his growing support for the digital asset sector. According to a statement from the White House, Trump will address an audience that “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 summit, which is expected to attract major figures from the cryptocurrency world, will be led by David Sacks, a venture capitalist and White House-appointed crypto czar, with Bo Hines, the executive director of the working group, overseeing the event’s proceedings. Since taking office, President Trump signed an executive order to create the Working Group on Digital Assets, a team tasked with advising the White House on digital asset policies and evaluating the potential creation of a cryptocurrency reserve. 

The group includes key agencies, such as the Treasury and Justice Departments, as well as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Trump’s stance on cryptocurrency has evolved significantly since his 2024 campaign, during which he once called crypto a “scam.” Since then, he has promised to simplify regulations, appoint industry-friendly figures to oversee the sector, support a stablecoin framework, and establish a Bitcoin reserve. 

His pro-crypto rhetoric has garnered attention, with the cryptocurrency industry donating millions of dollars to his inaugural committee. While not all his campaign promises have been realized, the upcoming summit and his administration’s policies represent a sharp departure from the Biden administration’s more stringent regulatory approach, particularly in light of controversies like the collapse of the FTX digital-asset exchange. 

Trump has also ventured into the cryptocurrency market himself, launching a memecoin shortly before returning to office and supporting a project with his sons called World Liberty Financial. In its statement, the White House reiterated, “The administration is committed to providing a clear regulatory framework, enabling innovation, and protecting economic liberty.”

By Naila Huseynova