05.03.2025 10:43
U.S. President Donald Trump will host leading figures from the cryptocurrency industry at the White House on March 7. The participation of Ripple CEO Brad Garlinghouse and Strategy board chairman Michael Saylor has been confirmed, and the strategic reserve plans for XRP, Solana (SOL), and Cardano (ADA) will also be discussed at the meeting.
The summit announced by President Trump's artificial intelligence and cryptocurrency representative, David Sacks, indicates that the White House is accelerating its work on digital assets. Trump's digital assets working group will also be present at the meeting, and potential regulatory frameworks will be discussed. In addition to Trump, Chainlink co-founder Sergey Nazarov, Exodus CEO JP Richardson, and working group executive director Bo Hines will also participate in the event. The summit is seen as one of the first concrete steps of the Trump administration's crypto-friendly approach.
Trump Meets with Industry Leaders at the White House
This important summit, taking place at the White House, is of great significance for the future of the cryptocurrency sector. David Sacks stated that "leading founders, CEOs, and investors from the crypto industry" will come together with Trump's digital assets working group at the event.
Ripple CEO Brad Garlinghouse personally supported Trump's presidential campaign. He also supported "crypto-friendly" lawmakers through donations to Ripple's Fairshake political action committee. This situation has led to rumors that other donors may also attend the summit.
Since taking office in January, Trump has proposed the establishment of a strategic crypto reserve in collaboration with Republican lawmakers. These proposals include banning central bank digital currencies and examining a comprehensive regulatory framework for digital assets. The U.S. Securities and Exchange Commission (SEC) halted many investigations related to digital assets under the Trump administration.
During the 119th session of Congress, some Republican lawmakers made progress in legislative priorities related to crypto by proposing competing stablecoin bills. Democratic politicians criticized Trump for launching his own memecoin in January before taking office.
The summit marks the first major meeting of cryptocurrency executives at the White House. Previously, it was known that former FTX CEO Sam Bankman-Fried met with officials from the Biden administration in 2022.