Original author: angelilu, Foresight News
On March 1, David Sacks, the American AI and cryptocurrency czar, tweeted to confirm that the White House will hold its first crypto summit on March 7, and that US President Trump will personally attend and deliver a speech. The title of First White House Crypto Summit alone is enough to stir up a thousand waves in the crypto industry. Then the next day (March 2), US President Trump announced that he would establish a Cryptocurrency Strategic Reserve, which mentioned that XRP, SOL and ADA would be included in the reserve, and then added that other top cryptocurrencies such as BTC and ETH would also be included in the reserve.
When people wanted to know more information, David Sacks spoke again, saying that more information related to the establishment of a strategic reserve of cryptocurrency would be revealed at the summit on March 7.
The summit’s predecessor was the “Crypto Advisory Committee”
Although not much official information about the summit has been released, there are only White House documents that David Sacks has screenshotted and have not yet been made public, but there are a lot of rumors.
FOX Business reporter Eleanor Terrett revealed that Fridays White House Crypto Summit will be the first in a series of meetings. The summit will replace the previously highly-anticipated Crypto Advisory Committee as a way for the Presidential Digital Asset Working Group to work with the industry to formulate policies, and 25 invitees have been finalized.
You know, as early as the eve of Trumps inauguration, crypto industry executives have been vying for these precious Crypto Advisory Committee seats. The committee is responsible for drafting legislation, establishing Bitcoin reserves, and promoting regulatory clarity. According to reports, the committee was originally planned to be composed of about 24 crypto industry CEOs and founders, but the official list has not yet been announced. As previously reported by Bloomberg, the founders of major crypto projects in the United States have been trying their best to get selected through various networks of relationships. However, 25 seats are obviously unable to meet the ambitions of industry leaders. In mid-February, people familiar with the matter revealed that Trump was considering replacing the original idea of the Crypto Advisory Committee with an informal industry summit, and that fixed seats might be converted into rotating seats.
Coincidentally, the initial invitation list for the crypto summit was also about 25 people. The invited delegates are very likely to be the first to master the core intelligence such as the selection criteria for the US strategic cryptocurrency reserve assets, which means that the possibility of digital assets associated with these delegates being included in the national strategic reserve will be greatly increased. Industry analysts have pointed out that the US governments strategic cryptocurrency reserve assets, except for Bitcoin, are likely to be purchased through the open market, which will undoubtedly bring significant benefits to related assets.
Who will attend?
In addition to US President Trump, AI and cryptocurrency czar David Sacks, and Crypto Working Group Executive Director Bo Hines, who are explicitly mentioned on the list, sources said politicians attending the summit include US Treasury Secretary Scott Bessent, US Commerce Secretary Howard Lutnick, New York Attorney General Letitia James, US Attorney General Pam Bondi, and SEC Chairman Paul Atkins.
Bo Hines Related Introduction Recommended Reading: Who is Bo Hines, who led this weeks White House encryption summit?
In addition to politicians, the crypto industry is more concerned about who are the industry professionals who will be able to participate in this summit?
Although the official list has not yet been released, based on the existing information and recent developments, we can speculate on several possible important participants.
First, in the past few hours, well-known industry figures have confirmed that they will attend the summit (of course, there are also communities that post the same template text to play with the meme). In addition, according to a previous Bloomberg report, most of the possible appointees to the Crypto Advisory Committee have established relationships with Trump and have met with him in recent months, which is an important basis for further speculation.
A done deal
Brad Garlinghouse (Ripple CEO)
Ripple CEO Brad Garlinghouse was the first to hint in a tweet that he was on the invite list. He retweeted David Sacks tweet and said he would be in Washington at the time of the summit.
Looking back, Trump and Ripples connection can be traced back to December last year, when Ripple donated $5 million worth of XRP to Trumps inauguration. Afterwards, Ripple CEO Brad Garlinghouse and Ripples chief legal officer Stu Alderoty were photographed having dinner with the president at Mar-a-Lago.
In addition, in February this year, Trump shared an article published by CoinDesk about Ripple CEO Brad Garlinghouse on Truth Social, which also triggered XRP price fluctuations. In March, XRP was included in the US cryptocurrency reserve assets.
Matt Huang (Co-founder of Paradigm)
Another confirmed attendee is Paradigm co-founder Matt Huang, who tweeted on March 5 that he would attend Friday’s White House Digital Asset Summit and thanked President Trump for the invitation. He said he looks forward to discussing topics such as how the United States can play a leading role in promoting open encryption principles and provide support for builders in ecosystems such as Bitcoin, Ethereum, and Solana.
Kyle Samani (Managing Partner, Multicoin Capital)
Kyle Samani, managing partner of Multicoin Capital, also confirmed on Twitter that he will attend the summit.
Michael Saylor (Founder of Strategy)
Michael Saylor tweeted to confirm his attendance.
David Bailey (Bitcoin Magazine)
Bitcoin Magazine CEO David Bailey retweeted Michael Saylors tweet and wrote See you there, hinting that he will also attend the summit.
Jp Richardson (Exodus CEO)
Jp Richardson, CEO of crypto wallet provider Exodus, confirmed in a post that he will attend the Digital Asset Summit this Friday and said that he might discuss self-custody. Previously, Exodus also wanted to donate to Trumps election.
Zach Witkoff (Co-founder, World Liberty Fund)
Zach Witkoff confirmed in a tweet that he will attend the White House Digital Asset Summit on Friday.
Possible attendance?
Charles Hoskinson (Founder of Cardano)
Hoskinson previously stated through his personal podcast that he has been involved in the development of US crypto policy and revealed in February that he would meet with a big shot. Similarly, ADA was included in the US cryptocurrency reserve assets.
Hoskinson’s remarks also indicate that he may attend the summit. After the community raised questions about why ADA was included in the reserve, he posted on March 2 that “the executive branch will not appoint anyone to any cryptocurrency-related role tonight. The meeting does not mean recognition or magical new powers. The legislative process is like this. It is a process that takes time and effort.
I will not comment on this topic again until I have clear and tangible news related to the legislative process to create new laws that will allow this industry to survive and thrive in the United States.
Jeremy Allaire (Circle CEO)
Circle also donated to Trump’s inaugural fund, and as the issuer of USDC, Circle plays a pivotal role in the stablecoin space. Its CEO Jeremy Allaire may speak out at the summit, especially considering that stablecoins may become an important part of US regulation.
Brian Armstrong (Coinbase CEO)
Before Trump took office, people familiar with the matter said that Trump had a private meeting with Coinbase CEO Brian Armstrong, and Brian Armstrong said that US President Trump showed great interest in strategic Bitcoin reserves.
Coinbase has been actively involved in the US cryptocurrency policy discussion. Brian Armstrong has met with US congressmen and regulators many times and publicly called for a reasonable cryptocurrency regulatory framework. In addition, Coinbase has recently been very resolute in facing the legal challenge of the US Securities and Exchange Commission (SEC), continuing to push for regulatory clarity.
Kris Marszalek (CEO of Crypto.com)
Kris Marszalek, CEO of Crypto.com, also posted a photo with Trump, and the tweet is currently pinned to his homepage. Crypto.com donated $1 million to Trumps inaugural committee, so it is not difficult to suspect that Kris Marszalek is also on the list.
Nathan Allman (CEO of Ondo Finance)
Ondo is also a crypto project that donated to Trumps inaugural committee, and the Trump family crypto project WLFI has bought Ondos token ONDO. Nathan Allman agrees with the USs approach to the strategic reserve of cryptocurrencies, As a US-based blockchain company, we believe that President Trumps establishment of the US Strategic Cryptocurrency Reserve is a key step towards the USs leadership in digital assets.
Sergey Nazarov (Chainlink Co-Founder)
Sergey Nazarovs latest tweets show that he is in Washington and has been in close contact with government officials in the last week of February.
Stuart Alderoty (Chief Legal Officer, Ripple)
It is not clear whether a company or entity has only one spot. Ripple Chief Legal Officer Stuart Alderoty is not sure whether he is on the invitation list. Although he and Brad Garlinghouse took a photo with Trump and have more than 30 years of legal experience, Stuart Alderotys X account has not posted any updates related to the summit recently.
Joseph Lubin (Founder of Consensys)
Joseph Lubin, co-founder of Ethereum and founder of Consensys, did not say much about the upcoming summit, but he said in response to the news that Trump was building a cryptocurrency reserve, My colleagues at Consensys and I spent a lot of time in Washington, DC before and after the November 5 election. The Trump administration is very aware of the status, maturity, and capabilities of Ethereum. The Trump family is very keen to build many businesses on Ethereum.
Eleanor Terrett confirmed on X that the guest list will be smaller than previously expected, as the summit will include other members of the President’s Digital Asset Task Force, but a larger, invitation-only reception is planned across the street from the White House for those not invited to the roundtable. The possible list also includes:
In addition, the community also speculates that Robinhood CEO Vlad Tenev, Kraken CEO Arjun Sethi, and Cathie Wood will attend the summit, but no relevant clues have been found so far.
summary
As one of the important industry conferences launched by the new Trump administration, this summit will have a profound impact on the development of cryptocurrency in the United States and even the world.
During the preparations for the summit, when it was still called the Crypto Advisory Committee, people familiar with the matter revealed that topics included core areas such as digital payment innovation, crypto data center construction, and Bitcoin mining industry planning.
There are also community rumors that the Trump administration plans to introduce a zero capital gains tax policy, exempting crypto assets held for more than one year from tax.
Industry experts generally predict that the summit will discuss in depth a number of key issues: first, the establishment of a strategic reserve of U.S. cryptocurrencies, which is not only related to the security of the countrys digital assets, but will also bring huge value enhancement to the selected assets; second, the clarification of the regulatory framework to provide a stable and predictable environment for the development of the industry; third, promoting widespread adoption at the institutional level and promoting crypto assets into the mainstream financial system; and finally, resolving some controversial regulatory policies to ensure the healthy development of the industry.
In addition, the U.S. Securities and Exchange Commission is also actively preparing a series of special seminars, the first of which will be held on March 21 at the SEC headquarters in Washington, DC, focusing on the fundamental issue of the definition of security status.
