Michael Saylor announced that he is going to Trump’s White House Crypto Summit on March 7. Other than Saylor, three other crypto leaders have publicly announced their participation. This includes Paradigm’s Matt Huang, Bitcoin Magazine’s David Bailey, and Exodus CEO JP Richardson.
Ripple CEO Brad Garlinghouse mentioned being in Washington, DC, at the end of the week, and he seems like a likely participant. However, there is also an invite-only reception after the Summit, so he isn’t confirmed either.
Who’s Who at the White House Crypto Summit?
President Trump is planning to launch a Crypto Summit in the White House on March 7, which could have major implications for US crypto policy. The community has already been speculating on what could be on its agenda, like reducing crypto taxes or federal token acquisitions.
However, one question remains very open: who will be there?
“The guest list, according to two sources close to the proceedings, will be smaller than previously anticipated. A larger, invite-only reception is being planned across the street from the White House after,” FOX journalist Eleanor Terrett claimed.
This larger reception particularly complicates matters. For example, Ripple CEO Brad Garlinghouse claimed on social media that he would be in Washington, D.C., this week.
However, he may or may not participate in the main Crypto Summit. Ripple donated heavily to Trump and has praised his crypto policies, but that does not guarantee he got an invite.
Indeed, a few members of Trump’s administration will be present. So far, MicroStrategy’s (now Strategy) Michael Saylor and three other crypto leaders have confirmed their participation.
However, there is one important clue that may determine broader participation in the Crypto Summit. Recently, Trump announced a US Crypto Reserve that would include several US-based cryptoassets.
“I’ll be attending the White House Digital Asset Summit on Friday. Thank you to President Trump for the invitation. I look forward to discussing how America can take a leadership role in promoting the principles of open crypto and enabling builders in ecosystems such as Bitcoin, Ethereum and Solana,” wrote Matt Huang, Co-founder of crypto investment firm Paradigm.
Crypto Reserve Likely to Be on the Agenda
After Trump announced the Crypto Summit, several US-based cryptoassets grew in price. This impacted major assets like Cardano and XRP, which are in Trump’s Reserve proposal, and several smaller assets, which were not.
If Garlinghouse is halfway confirmed to be attending, Cardano CEO Charles Hoskinson also seems like a likely choice.
Ultimately, however, the Crypto Summit may run into the same problem that is vexing much of Trump’s crypto agenda. US-based cryptoassets surged after the Reserve was announced, but they fell shortly afterward.
Trump does not have the authority to buy these assets without Congress, and its support seems unlikely. His own party has opposed these purchases, let alone the Democrats.
In short, there are many factors to consider. The Crypto Summit will take place on the same day as the US Bureau of Labor Statistics’ next employment report, which may impact the markets.
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