Investors are on high alert ahead of tomorrow's much-anticipated Crypto Summit to be held at the White House. With speculation rife about an official announcement of Trump's promised U.S. strategic crypto reserve, key industry figures and policymakers will gather to discuss the future of cryptocurrencies under the new administration.
What’s on the Agenda at The White House Crypto Summit?
The summit will be led by David Sacks, President Trump’s AI and crypto czar, with expectations it will focus on the following key topics:
- Launch of a U.S. Strategic Crypto Reserve: There is speculation that President Trump will officially announce a national crypto reserve, which may include Bitcoin (BTC) and Ethereum (ETH), with the addition of altcoins such as Ripple (XRP), Solana (SOL), and Cardano (ADA). The president controversially teased these inclusions on Truth Social earlier in the week.
- Regulatory Frameworks for Digital Assets: The administration is likely to outline more plans for regulating cryptocurrencies, stablecoins, and decentralized finance (DeFi).
- Trump’s Crypto Executive Order: Updates on the executive order signed in January to promote digital asset growth, including potential tax incentives for crypto projects.
- Industry Perspectives: Key crypto executives are expected to discuss the future of digital assets and their role in the U.S. financial system.
Who is Attending The Crypto Summit?
Speculation as to who would get a call-up to attend has been heated, and as expected, the guest list is exclusive and hugely impressive. Some of the big names include government officials, crypto industry leaders, and members of Trump’s Presidential Working Group on Digital Assets, including:
- Michael Saylor (Executive Chairman, MicroStrategy)
- Brian Armstrong (CEO, Coinbase)
- Brad Garlinghouse (CEO, Ripple)
- Vlad Tenev (CEO, Robinhood)
- Sergey Nazarov (Co-founder, Chainlink)
- JP Richardson (CEO, Exodus)
- Matt Huang (Co-founder, Paradigm)
- Kyle Samani (Managing Partner, Multicoin Capital)
- Arjun Sethi (CEO, Kraken)
- Zach Witkoff (Co-founder, World Liberty Financial)
- Scott Bessent (Treasury Secretary)
- Both Acting Heads of the SEC and CFTC
One notable snub is Charles Hoskinson, the co-founder of Cardano. "I’m going to operate under the assumption that I have not been invited to go to this gathering," he said before adding, “I don’t imagine much policy work will be done.” However, a White House Official told Unchained that "Cardano are not seen as relevant to policy influence." Curious then that Trump mentioned Cardano's ADA token as a contender for the crypto reserve.
Bitcoin and the Strategic Reserve
President Trump has promised strong support for Bitcoin, with Commerce Secretary Howard Lutnick claiming that BTC would be treated differently than other cryptocurrencies. The inclusion of XRP, SOL, and ADA in a strategic reserve has sparked debate within the industry.
“The President definitely thinks that there’s a Bitcoin strategic 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.”
Coinbase CEO Brian Armstrong has suggested that a Bitcoin-only reserve would be the simplest and most effective approach. Similarly, Bitwise CEO Hunter Horsley believes that Bitcoin remains the undisputed option. But will Trump agree? He and his crypto czar, David Sacks, also have had holdings in XRP, SOL, and ADA, either by themselves or through the companies in which they are invested. (It should be noted that Sacks insists he sold all his holdings before the reserve inclusion announcement).
Regulatory and Tax Developments
Rumors are circulating that the Trump administration may follow the Czech Republic's lead and announce zero capital gains taxes for U.S.-based crypto projects, a big boost for long-term holders. Additionally, regulatory oversight for stablecoins and DeFi platforms is expected to be discussed.
Crypto Market Reactions
Bitcoin prices surged to nearly $95,000 following Trump’s social media post about the strategic reserve but later sharply corrected after new tariff announcements. Other cryptocurrencies, including Ethereum, SOL, and ADA, have also seen increased volatility ahead of the summit.
Trump has a lot to profit personally. His family entered the crypto space with the DeFi exchange platform World Liberty Financial and launched a "Trump" meme-coin in January, which soared in value and quickly collapsed. These ventures, along with running trading signals from Trump and his family on social media, have sparked serious accusations of potential conflicts of interest and insider trading.
The White House Crypto Summit is a big moment for the industry, shaping the regulatory landscape and determining the U.S. government’s role in digital assets.
With major announcements expected, all eyes will be on Washington this Friday as the establishment finally embraces the industry. But are the rebels and degenerates who helped build crypto and have a fiercely anti-establishment vision ready to embrace its place in the mainstream?