{"id":2408352,"date":"2025-03-01T13:34:02","date_gmt":"2025-03-01T18:34:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-promises-crypto-summit-as-golden-age-threatened-by-tariff-threats\/"},"modified":"2025-03-01T13:37:13","modified_gmt":"2025-03-01T18:37:13","slug":"us-promises-crypto-summit-as-golden-age-threatened-by-tariff-threats","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-promises-crypto-summit-as-golden-age-threatened-by-tariff-threats\/","title":{"rendered":"US promises crypto summit as &#8216;golden age&#8217; threatened by tariff threats"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fus-promises-crypto-summit-as-golden-age-threatened-by-tariff-threats%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2408352&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The United States is set to hold its first-ever cryptocurrency summit at the White house, chaired by David Sacks, the White House A.I. and Crypto Czar, amid meaningful\u2062 market downturns attributed to President Donald Trump&#8217;s tariff threats. Approximately\u200b $400 billion has been\u200c lost \u200cin \u2064the crypto market \u200cin \u2063just one week due to \u200cthese threats, with the\u2062 overall market value dropping by $800 billion as Trump took office. The summit aims\u200c to\u200d address the regulatory framework \u200dneeded for \u2062digital assets,as the white House seeks to foster innovation and protect economic liberty. \u2062despite some \u2064pro-crypto \u200cactions \u2062taken by Trump&#8217;s administration, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-brings-life-back-to-the-white-house\/\" title=\"... Brings Life Back To The ...\">including executive orders<\/a> and the appointment of supportive \u2064figures, investor confidence has wavered due\u200c to concerns \u200bover tariffs, especially on energy, wich greatly impacts cryptocurrency mining. Trump has promised to revitalize \u2064the crypto\u2064 sector during his campaign, but the recent fluctuations in market values pose\u200d a challenge. The summit may serve as a platform for addressing these issues, with Trump expected to\u200b speak about a vision for \u200bthe U.S. as the &#8220;crypto \u2062capital \u200cof \u200bthe \u200cplanet.&#8221;  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">US promises first-ever crypto summit as &lsquo;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/vance-promises-golden-age-in-closing-message-to-michigan-voters-washington-examiner\/\" title=\"Vance promises &#039;golden age&#039; in closing message to Michigan voters ... Washington Examiner\">golden age&#038;rsquo<\/a>; is threatened by Trump&rsquo;s tariff threats<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2024630\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>The first-of-its-kind <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/cryptocurrency\/\" target=\"_blank\" rel=\"noopener\" title=\"cryptocurrency\">cryptocurrency<\/a> summit is set to be held at the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/white-house\/\" target=\"_blank\" rel=\"noopener\" title=\"White House\">White House<\/a> on Friday, as President <a href=\"http:\/\/washingtonexaminer.com\/tag\/donald-trump\" target=\"_blank\" rel=\"noopener\" title=\"\">Donald Trump<\/a>&lsquo;s tariff threats have contributed to about $400 billion being wiped out of the market in the past week.<\/p>\n<div class=\"article-paywall\">\n<p>The summit will be chaired by White House A.I. and Crypto Czar David Sacks and hosted by President&rsquo;s Working Group on Digital Assets executive director Bo Hines. It will host a variety of investors and leading crypto figures.<\/p>\n<p>&ldquo;After the <a href=\"https:\/\/amzn.to\/3YuVZYV\">previous administration unfairly prosecuted<\/a> the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/complicit-a-field-guide-to-the-lack-of-infrastructure-funding-leftist-carveouts-in-the-1-2-trillion-so-called-bipartisan-infrastructure-bill\/\" title=\"&#039;Complicit&#039;: A Field Guide to the Lack of Infrastructure Funding, Leftist Carveouts in the .2 Trillion So...Called Bipartisan Infrastructure Bill\">digital asset space<\/a>, President Trump&rsquo;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,&rdquo; a White House statement  says.<\/p>\n<p>The president cultivated extensive support from the crypto community by promising a &ldquo;golden age&rdquo; for digital assets during his campaign, but hopes have dampened over a crash in crypto market value due to his tariff threats.<\/p>\n<p>The&nbsp;<a href=\"https:\/\/markets.coinpedia.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">crypto market has plummeted by $800 billion<\/a> since Trump took office in January after it <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3238494\/altcoin-crypto-market-grows\/\" target=\"_blank\" rel=\"noopener\" title=\"\">surged<\/a> to record-highs following his electoral victory in November.<\/p>\n<p>Although Trump has taken a variety of pro-crypto measures, such as <a href=\"https:\/\/www.washingtonexaminer.com\/premium\/3302168\/trump-takes-flurry-executive-actions-favorable-crypto-industry\/\" target=\"_blank\" rel=\"noopener\" title=\"signing\">signing<\/a> several pro-crypto executive orders, the Securities and Exchange Commission dropping lawsuits against Coinbase and Consensys, and <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance\/3253448\/trump-selects-david-sacks-as-crypto-czar\/\" target=\"_blank\" rel=\"noopener\" title=\"\">appointing<\/a> pro-crypto figures to his administration, his tariff threats have scared crypto investors into wiping out the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/delaware-judge-foiled-stopped-56b-payout-but-couldnt-stop-potential-140b-jump-at-spacex\/\" title=\"Delaware Judge Foiled: Stopped B Payout, But Couldn\u2019t Stop Potential 0B Jump at SpaceX\">post-election gains<\/a>.<\/p>\n<p>Threats of tariffs against Canada, Mexico, China, and the European Union triggered a fall in crypto prices, especially Bitcoin and Ethereum. Bitcoin dropped from an election high of $110,000 to just over $80,000.<\/p>\n<p>Tariffs on energy are especially detrimental to the crypto market as Bitcoin, by far the largest cryptocurrency by market capitalization, and many other blockchains require a lot of energy for mining.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/premium\/3302168\/trump-takes-flurry-executive-actions-favorable-crypto-industry\/\" target=\"_blank\" rel=\"noopener\" title=\"Trump takes flurry of executive actions favorable to crypto industry\">TRUMP TAKES FLURRY OF EXECUTIVE ACTIONS FAVORABLE TO CRYPTO INDUSTRY<\/a><\/strong><\/p>\n<p>Pro-crypto figures in the Trump administration may be hoping Friday&rsquo;s summit will be a step toward reversing the fortunes of the crypto market, with Trump himself set to speak at the event.<\/p>\n<p>Trump previously <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/3101972\/trump-says-make-us-bitcoin-mining-powerhouse\/\" target=\"_blank\" rel=\"noopener\" title=\"\">spoke<\/a> at a Bitcoin conference in Nashville, Tennessee on the 2024 campaign trail. He promised the United States would become the &ldquo;crypto capital of the planet&rdquo; and that the nation would create a Bitcoin strategic reserve.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2024630\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2024630\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US to host inaugural crypto summit amid market turmoil from Trump&#8217;s tariffs<\/p>\n","protected":false},"author":2653,"featured_media":2408353,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/02\/AP25039051422117.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[51350,12577,44333,51351,50822],"class_list":["post-2408352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-crypto-summit","tag-cryptocurrency","tag-golden-age","tag-tariff-threats","tag-us-2"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/02\/AP25039051422117.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2408352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2653"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2408352"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2408352\/revisions"}],"predecessor-version":[{"id":2408356,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2408352\/revisions\/2408356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2408353"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2408352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2408352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2408352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}