Launchy Regulatory Roundup #28 - Trump to Host Inaugural White House Crypto Summit

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Welcome to our 28th edition of the regulatory roundup. If you know anybody who would benefit from this content, please help us spread the word!

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With the current administration pushing pro-crypto measures ahead of the 2026 midterms, there's real momentum in DC. But while proposals like a US-based Bitcoin reserve grab headlines, many see them as largely symbolic, especially when issues like crypto debanking persist.

In Today's Edition:

• Headline: Trump to Host Inaugural White House Crypto Summit 🇺🇲 

• Global Legal Roundup: SEC Closing Crypto Investigations 🎉 

• Case Study: Crypto Policy Development in DC 👀 

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HEADLINE

Trump to Host Inaugural White House Crypto Summit

State of play: US President Donald Trump is set to host the first White House Crypto Summit on March 7, bringing together industry leaders—including founders, CEOs, and investors—to discuss a range of crypto regulatory issues.

• The summit, announced by White House "crypto and AI czar" David Sacks, will focus on developing a legal framework for the crypto industry.

• Key topics in the summit include stablecoin regulation and potential legislation for a US-based strategic Bitcoin reserve.

• Sacks, alongside Bo Hines, will guide discussions aimed at clarifying regulations and boosting the nation’s blockchain innovation.

The crypto industry urges stablecoin issuers to register with US authorities and cautioning that state-level Bitcoin reserve proposals remain largely symbolic without concrete action.

What’s Next: The current administration is pushing for pro-crypto policies before the 2026 midterm elections.

Why it Matters: While the upcoming summit touches on the potential for a US-based strategic Bitcoin reserve, many argue that such proposals remain largely symbolic. Despite the crypto-friendly rhetoric, longstanding issues like crypto debanking persist.

Our Take: For the crypto industry to thrive, both symbolic initiatives and hard, systemic reforms must go hand in hand.

GLOBAL LEGAL ROUNDUP

America:

• 🇺🇲 States likely to adopt Bitcoin reserves first.

• 🇺🇲 SEC closes investigation into Robinhood Crypto.

• 🇺🇲 SEC closed investigation into Gemini with no action.

• 🇺🇲 Oklahoma BTC reserve bill passes House Committee.

• 🇺🇲 SEC dismisses lawsuit against crypto exchange Coinbase.

• 🇺🇲 SEC Commissioner dissents on agency’s memecoin stance.

• 🇺🇲 Texas Strategic Bitcoin reserve bill advances to Senate floor.

• 🇺🇲 House Democrats propose a bill to ban presidential memecoins.

• 🇺🇲 US judge tosses SEC fraud suit against Hex founder Richard Heart.

• 🇺🇲 SEC says memecoins aren’t securities, but fraud will still be policed.

• 🇺🇲 US lawmakers advance resolution to repeal ‘unfair’ crypto tax rule.

• 🇺🇲 Arizona crypto reserve bills inch closer to law after passing Senate.

• 🇺🇲 SEC pushed DeFi execs to ‘never work in crypto again,’ says crypto VC.

Europe:

• 🇨🇭 Swiss National Bank president says Bitcoin isn't a worthy reserve asset

Middle East & Africa:

• 🇦🇪 UAE’s proactive regulations fuel real-world asset tokenization boom.

APAC:

• 🇰🇷 Upbit operator Dunamu files lawsuit to overturn business sanctions.

• 🇰🇷 South Koreasanctions Upbit with 3-month ban on servicing new clients.

CASE STUDY

Crypto Policy Development in DC

Credits to Kristin Smith for the original thread.

State of play: Recent developments in DC are reshaping the digital asset landscape and paving the way for stronger advocacy and regulatory progress. Here are some updates on the crypto policy front:

• Blockchain Association is working in Washington to overturn the DeFi-killing broker rule.

• The markup on Mike Carey’s Crypto Regulation Act (CRA) is underway, a critical step before the floor vote. Ted Cruz’s CRA is expected on the Senate floor soon.

• The SEC has voluntarily dropped its appeal of a lawsuit over the dealer rule marking a significant court victory.

• In a related win, an agreement has led to the dismissal of the SEC’s litigation against Coinbase.

• On the regulatory front, the SEC’s Crypto Task Force has issued a call for industry input on pressing issues, with BA preparing a response.

Our Take: Recent developments indicate promising progress in crypto policy. However, significant challenges remain, as pressing issues such as crypto debanking continue unabated and there has yet to be concrete action on a national Bitcoin reserve plan.

Take a peek at our referral reward at the bottom of this issue. Share this newsletter and receive our comprehensive database of crypto regulations around the world👇

NOTEWORTHY READS & MEME

• Variant’s read on liability and agent developers in crypto.

• DeFi Education Fund’sread on DeFi and Bank Secrecy Act.

• Kristin Smith’s thread on crypto policy development in DC.

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Disclaimer: All the information presented in this publication and its affiliates is strictly for educational purposes only. It should not be construed or taken as financial, legal, investment, or any other form of advice.