Author: angelilu, Foresight News
David Sacks, the US AI and cryptocurrency czar, confirmed on Twitter on March 1 that the White House will host the first cryptocurrency summit on March 7, and US President Trump will personally participate and deliver a speech. The mere name "White House's First Cryptocurrency Summit" is enough to stir up a storm in the cryptocurrency industry, and then US President Trump stated the next day (March 2) that he will establish a "Cryptocurrency Strategic Reserve", mentioning that he will include XRP, SOL and ADA in the reserve, and then supplement other top cryptocurrencies such as BTC and ETH.
As people want to know more information, David Sacks spoke up again, saying that more information related to the establishment of a cryptocurrency strategic reserve will be revealed at the summit on March 7.
The summit was originally the "Cryptocurrency Advisory Council"
Although the official information released about this summit is not much, there are currently only screenshots of David Sacks' unpublished White House documents, but there are plenty of rumors.
FOX Business reporter Eleanor Terrett revealed that the White House cryptocurrency summit on Friday will be the first in a series of meetings, and this summit will replace the previously highly anticipated "Cryptocurrency Advisory Council", as a way for the President's Digital Assets Working Group to collaborate with the industry to formulate policies, and 25 invitees have already been confirmed.
It is worth noting that even before Trump's inauguration, crypto industry executives had been vying for these precious "Cryptocurrency Advisory Council" seats. The council was tasked with drafting legislation, establishing bitcoin reserves, and promoting regulatory clarity. It is said that the council was originally planned to be composed of about 24 crypto industry CEOs and founders, but the official list has not been announced yet. According to a previous Bloomberg report, the founders of various major crypto projects have been striving to secure a spot through various networks. However, 25 seats are obviously not enough to satisfy the ambitions of industry leaders, and in mid-February, insiders revealed that Trump was considering replacing the original Cryptocurrency Advisory Council with an informal industry summit, and the fixed seats might be converted to rotating seats.
Coincidentally, the initial guest list for this cryptocurrency summit was also around 25 people. The representatives invited to attend are very likely to be the first to grasp the core intelligence such as the selection criteria for the US cryptocurrency strategic reserve assets, which means that the digital assets associated with these representatives have a greatly increased possibility of being included in the national strategic reserve. Industry analysts have previously pointed out that in addition to Bitcoin, the US government's cryptocurrency strategic reserve assets are likely to be purchased through the open market, which will undoubtedly bring significant positive news to the relevant assets.
Who will attend?
In addition to the clearly mentioned US President Trump, AI and cryptocurrency czar David Sacks, and Digital Assets Working Group Executive Director Bo Hines, sources say that the political figures attending this summit will also 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.
For more information on Bo Hines, please read: Who is Bo Hines, the leader of this week's White House cryptocurrency summit?
In addition to political figures, the crypto industry is more concerned about who the industry participants attending this summit will be.
Although the official list has not been made public, based on the available information and recent dynamics, we can speculate on some potential key participants.
Confirmed Attendees
Brad Garlinghouse (Ripple CEO)
Ripple CEO Brad Garlinghouse was one of the first to hint on Twitter that he was on the guest list. He retweeted David Sacks' tweet and said he would be in Washington at the time of the summit.
Looking back, the connection between Trump and Ripple can be traced back to last December, when Ripple donated $5 million worth of XRP to Trump's inauguration. Subsequently, Ripple CEO Brad Garlinghouse and Ripple's Chief Legal Officer Stu Alderoty were photographed dining 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 caused price fluctuations in XRP. In March, XRP was included in the US cryptocurrency reserve assets.
Matt Huang (Paradigm Co-founder)
Another confirmed attendee is Paradigm co-founder Matt Huang, who tweeted on March 5 that he will attend the White House digital assets summit on Friday, and thanked President Trump for the invitation. He said the topics he expects to discuss include how the US can take a leadership role in promoting open crypto principles and provide support for builders in ecosystems like Bitcoin, Ethereum and Solana.
Kyle Samani (Multicoin Capital Managing Partner)
Multicoin Capital Managing Partner Kyle Samani also tweeted that he will attend this summit.
Michael Saylor (Strategy Founder)
Michael Saylor tweeted to confirm his attendance.
David Bailey (Bitcoin Magazine)
Bitcoin Magazine CEO David Bailey retweeted Michael Saylor's tweet and commented "See you there", hinting that he will also attend this summit.
Jp Richardson (Exodus CEO)
Crypto wallet provider Exodus CEO Jp Richardson confirmed in a post that he will attend this Friday's digital assets summit, and said he may discuss self-custody. Previously, Exodus had also donated to Trump's election campaign.
Zach Witkoff (World Liberty Fund Co-founder)
Zach Witkoff tweeted that he will attend the White House digital assets summit on Friday.
Potential Attendees
Charles Hoskinson (Cardano Founder)
Hoskinson previously stated through his personal podcast that he has been involved in the formulation of US crypto policy, and in February he revealed that he would meet with a "big shot". Similarly, ADA was included in the US cryptocurrency reserve assets.
Hoskinson's statements also suggest that he may attend this summit. After raising questions in the community about why ADA was included in the reserve, he posted on March 2 that "the executive branch will not appoint anyone to any crypto-related roles tonight, the meeting does not mean endorsement or magical new powers, the legislative process is like this, it takes time and effort."
Until I receive clear and concrete information related to the legislative process, I will not comment on this topic again in order to develop new laws that will allow the industry to survive and thrive in the United States.
Jeremy Allaire (CEO of Circle)
Circle has also donated to Trump's inauguration fund, and as the issuer of USDC, Circle plays a crucial role in the stablecoin sector. Its CEO, Jeremy Allaire, may speak out at the summit, especially considering that stablecoins may become an important component of US regulation.
Brian Armstrong (CEO of Coinbase)
Even before Trump took office, insiders reported that Trump had a private meeting with Coinbase CEO Brian Armstrong, and Brian Armstrong had previously said that US President Trump showed a keen interest in strategic Bitcoin reserves.
Coinbase has been actively involved in discussions on US cryptocurrency policy, with Brian Armstrong meeting with US Congress members and regulators multiple times, and publicly calling for a reasonable cryptocurrency regulatory framework. In addition, Coinbase has been very resolute in facing legal challenges from the US Securities and Exchange Commission (SEC), continuously pushing for regulatory clarity.
Kris Marszalek (CEO of Crypto.com)
Crypto.com CEO Kris Marszalek has also posted a photo with Trump, and the tweet is currently pinned on his homepage. Crypto.com has donated $1 million to Trump's inauguration 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 cryptocurrency project that has donated to Trump's inauguration committee, and the Trump family's cryptocurrency project WLFI has previously bought Ondo's ONDO tokens. Nathan Allman expressed support for the US's approach to strategic cryptocurrency reserves, saying, "As a blockchain company headquartered in the US, we believe President Trump's establishment of a US strategic cryptocurrency reserve is a key step towards the US taking a leadership position in digital assets."
Sergey Nazarov (Co-founder of Chainlink)
Sergey Nazarov's latest tweet shows that he is currently in Washington, and has been in close contact with government officials in the last week of February.
Stuart Alderoty (Chief Legal Officer of Ripple)
It is currently unclear whether a company or entity has only one spot, and Ripple's Chief Legal Officer Stuart Alderoty is unsure if he is on the guest list, although he and Brad Garlinghouse took a photo with Trump and have over 30 years of legal experience. However, Stuart Alderoty has not posted anything related to this summit on his X account recently.
Joseph Lubin (Founder of ConsenSys)
Although Ethereum co-founder and ConsenSys founder Joseph Lubin has not commented much on the upcoming summit, he stated regarding Trump's plan to establish a cryptocurrency reserve that "My colleagues at ConsenSys and I have spent a lot of time in Washington, DC before and after the November 5th election. The Trump administration is very familiar with the status, maturity, and capabilities of Ethereum. The Trump family is very keen on building many businesses on Ethereum."
In addition, Eleanor Terrett confirmed on X that the guest list will be smaller than previously expected, as this summit will include other members of the President's Digital Assets Working Group, but a larger, invitation-only reception is planned on a street across from the White House for those not invited to the roundtable. The potential participant list may also include Robinhood CEO Vlad Tenev, Kraken CEO Arjun Sethi, and Cathie Wood, but there is currently no evidence to confirm their attendance.
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 the cryptocurrency landscape in the US and globally.
During the summit's preparation stage, when it was still referred to as the "Cryptocurrency Advisory Council", informed sources revealed that the agenda included topics such as digital payment innovation, cryptocurrency data center construction, and Bitcoin mining industry planning.
There are also rumors in the community that the Trump administration plans to introduce a zero-capital gains tax policy, exempting from taxation crypto assets held for more than a year.
Industry experts generally predict that this summit will delve into several key issues: first, the establishment of a US cryptocurrency strategic reserve, which not only concerns the national digital asset security, but will also bring tremendous value appreciation to the selected assets; second, the clarification of the regulatory framework, providing a stable and predictable environment for industry development; third, the promotion of widespread institutional-level adoption, driving cryptocurrency assets into the mainstream financial system; and finally, the resolution of some controversial regulatory policies to ensure the healthy development of the industry.
In addition, the US Securities and Exchange Commission is also actively preparing a series of thematic seminars, with the first one scheduled to be held on March 21 at the SEC headquarters in Washington, DC, focusing on the fundamental issue of "defining a safe state".
