According to Unchained, the Trump administration may not launch a formal "cryptocurrency committee" as previously promised, but instead plans to hold a series of industry summits on specific cryptocurrency policy topics. According to three people familiar with the matter, the summits will involve different cryptocurrency industry leaders in rotation. Initial meetings are expected to focus on topics such as banking, payments, data centres and bitcoin mining. Several industry associations are currently advising on relevant plans. According to people familiar with the matter, the plan to hold the summit instead is seen as a move to avoid conflicts between different factions within the cryptocurrency industry. These differences mainly exist between centralized and decentralized crypto projects, bitcoin maximalists and alternative coin proponents, and groups that support and oppose traditional financial integration.