On Friday 7th, crypto leaders and CEOs are due to attend the White House’s first Crypto Summit to discuss the future of web3 in the US.
Rumours about who will be in attendance have circulated online but few reports are legitimate as speculation runs high.
The summit will put a spotlight on Trump’s recent US Crypto Reserve announcement along with the Crypto Task Force’s role of making clear regulations for the industry.
Who’s attending Trump’s White House Crypto Summit?
Recent reports suggest Michael Saylor of Strategy has been invited to the Crypto Summit. Saylor, a strong Bitcoin advocate, began hoarding BTC for MicroStrategy back in 2020.
Over the years, Saylor’s strategy of acquiring Bitcoin as a strategic investment has paid off, netting the firm billions, with around $18 billion in unrealized profits.
Looking to decentralized finance, Chainlink’s CEO Sergey Nazarov has reportedly been invited to the White House’s crypto event.
Although Chainlink was not mentioned in Trump’s Crypto Reserve post on Truth Social, Chainlink is one of the most important DeFi projects in web3.
Whether Sergey’s invitation will mean the LINK token will be included in the reserve is unknown, but Trump did highlight that other cryptocurrencies would be included.
Following Sergey, Coinbase’s CEO Brian Armstrong is said to have been sent an invitation. Armstrong’s Coinbase was recently dismissed by the SEC after a long, drawn-out investigation.
Brian Armstrong’s Coinbase is one of the most regulatory friendly cryptocurrency exchanges in the US with the COIN stock being listed in the traditional markets, allowing investors exposure to crypto industry growth.
Armstrong is said to be joined by Exodus’s JP Richardson, CEO of the leading web3 and Bitcoin cryptocurrency wallet service.
What will be discussed at the Crypto Summit?
Things are being kept under wraps, but investors are hoping for an extended look into Trump’s US Crypto Reserve wishes.
The SEC and its Crypto Task Force may also be discussed with the Task Force planning to host their first meeting on March 21, 2025.
Investors are expecting big announcements to come from the summit, but it’s always best to keep expectations light. For what it’s worth, Trump’s Truth Social posts prove that there will be more to come on the Crypto Reserve and tokens to be included.
Commerce Secretary, Howard Lutnick, has said that a Bitcoin Strategic Reserve could be announced this week:
A Bitcoin strategic reserve is something the President is interested in and I think you’re going to see it executed on Friday.”
