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Top Crypto Figures Invited to Trump's Digital Asset Roundtable

Top Crypto Figures Invited to Trump's Digital Asset Roundtable

Yellow2025/03/06 20:55
By: Yellow
BTC-0.05%SOL+0.18%XRP+0.58%

President Donald Trump will convene the first-ever White House Cryptocurrency Summit on March 7, 2025. The four-hour meeting will run from 6:30 p.m. to 10:30 p.m. UTC. Over 25 guests are expected to attend.

Fox News journalist Eleanor Terrett confirmed the event on Wednesday. She reported that 11 crypto executives and two White House representatives have verified their attendance. "As of this morning, the official invites for Friday's White House Crypto Summit have yet to be sent out," Terrett wrote on social platform X on March 4.

Key White House participants include Bo Hines, Executive Director of the Presidential Council of Advisors, and Crypto Czar David Sacks. Acting SEC Chairman Mark Uyeda and Acting CFTC Chairman Caroline Pham are also anticipated to join. Hines and Sacks are central to the administration's digital asset initiatives.

"Unclear as of now who aside from Bo Hines and David Sacks will be in attendance," Terrett reported. She noted that according to Trump's executive order, other officials in the presidential working group include "Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Attorney General Pam Bondi, the SEC chair, the CFTC chair and others."

A separate reception is being planned for those not invited to the main roundtable. Terrett cautioned that plans remain fluid and could change.

The summit will feature prominent industry figures. Michael Saylor, Executive Chairman of Strategy, Brian Armstrong, CEO of Coinbase, and Vlad Tenev, CEO of Robinhood, have confirmed their attendance. Saylor's participation is notable given Strategy's substantial Bitcoin investments. Armstrong and Tenev join following recent SEC case dismissals against their companies.

Ripple CEO Brad Garlinghouse also plans to attend. He previously praised the SEC's handling of the Coinbase case. "I've said this before – the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER," Garlinghouse posted on X on March 2.

Additional attendees include Bitcoin Magazine CEO David Bailey, Paradigm Co-founder Matt Huang, and Exodus CEO JP Richardson. The list extends to Multicoin Capital's Managing Partner Kyle Samani, World Liberty Financial's Zack Witkoff, and Chainlink Co-founder Sergey Nazarov. Kraken CEO Arjun Sethi and Crypto.com CEO Kris Marszalek round out the confirmed participants.

The crypto community has suggested other potential attendees. These include ARK Invest founder Cathie Wood, Ethereum co-founder Vitalik Buterin, and Circle co-founder Jeremy Allaire. Tether CEO Paolo Ardoino, Cardano founder Charles Hoskinson, and Solana founder Anatoly Yakovenko have also been mentioned.

As the summit approaches, discussions about establishing a cryptocurrency reserve have intensified. Commerce Secretary Howard Lutnick revealed that Trump envisions a strategic Bitcoin reserve. "Now there will be the question of, how do we handle the other cryptocurrencies? And I think the model is going to be announced on Friday when we do that," Lutnick stated.

The summit is expected to address the framework for the proposed cryptocurrency reserve. This includes selection criteria for crypto assets and regulatory considerations. Industry observers await clarity on whether Congress will pass a bipartisan stablecoin bill introduced last month. The legislation, introduced by Senators Bill Hagerty, Tim Scott, Kirsten Gillibrand and Cynthia Lummis, would allow financial institutions to issue their own stablecoins.

Market participants also anticipate guidance on whether the SEC will approve ETFs for tokens such as Solana, XRP and Cardano. Industry leaders seek understanding of how the financial system will fund, manage, and integrate the proposed reserve.

Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial or legal advice. Always conduct your own research or consult a professional when dealing with cryptocurrency assets.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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