TechFlow reported on February 14, citing Unchained, that the Trump administration may not establish the previously promised formal "cryptocurrency council," but instead plans to hold a series of industry summits focused on specific crypto policy issues.
According to three sources familiar with the matter, these summits will invite different leaders from the cryptocurrency industry to participate in rotation. Initial meetings are expected to focus on topics such as banking, payments, data centers, and Bitcoin mining. Several industry associations are currently providing input on the proposed plans.
The decision to switch to holding summits is seen by insiders as a move to avoid conflicts among various factions within the cryptocurrency sector—particularly between centralized and decentralized projects, Bitcoin maximalists and altcoin supporters, and groups favoring versus opposing integration with traditional finance.
