Today’s crypto news

The Ethereum Foundation announced new leadership today, US President Donald Trump is hosting the White House Crypto Summit, bringing industry leaders together to discuss regulation, stablecoins, and Bitcoin Reserve legislation on 7th March. Chicago Mercantile Exchange Group (CME Group) has also announced that Solana Futures Contracts will be launched in March.

Ethereum Foundation names two new leaders

Ethereum Foundation announced new leadership on March 1, appointing longtime Ethereum developer Hsiao-Wei Wang and Nethermind CEO Tomasz Stańczak as co-directors of the organization.

Wang has seven years of experience as a core researcher at the Foundation and Stańczak grew Nethermind from a small project into one of Ethereum’s largest execution clients and a global company.

Both individuals are expected to assume their respective roles as codirectors by March 17 according to an announcement made by the Ethereum Foundation.

“This marks an exciting new chapter in the Foundation’s evolution as we continue to support a growing Ethereum ecosystem,” The Foundation’s spokespeople added.

This change is coming at a difficult time for Ethereum and the struggling Ether.ETHPrices are expected to rise as Ethereum investors and community members call for an abrupt change of direction.

Trump hosts first White House crypto Summit March 7, 2019

US President Donald Trump host the first White House Crypto Summit On March 7, industry leaders will gather to discuss the regulatory policies, stabilitycoin oversight and potential role of Bitcoin within the US financial system.

Participants will include “prominent founders, CEOs, and investors from the crypto industry,” According to a White House announcement, the group includes members of President Obama’s Working Group on Digital Assets. “AI and crypto czar,” David Sacks is featured in a 1 March X post.

Bo Hines will administer the summit and Sacks, as the Executive Director of the Working Group.

Sacks has been appointed White House Crypto and AI and Czar On Dec. 6, 2020, “work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.,” Trump Write in the announcement. 

Chicago Mercantile Exchange Group launches Solana futures March 17, 2019

Chicago Mercantile Exchange Group (CME), a global recognized derivatives market, announced it will launch Solana (SOL( ) contracts for March 17th, pending an examination by United States Financial Regulators.

In the February 28 announcementParticipants will have the option to choose from micro contracts with a value of 25 SOLs or larger standard contracts of up 500 SOLs.

CME Group offers Bitcoin futures contracts and options.BTCEtherETHInvestors looking for a hedge against these highly volatile digital assets can use ).

Solana’s addition to futures contracts provides traditional investors with additional exposure in the crypto-markets and fresh capital injections for the crypto-markets, which will support price.