Trump Hosts First White House Crypto Summit: What to Expect

As President Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President prepares to host the first-ever White House Crypto Summit today, over 20 major industry leaders have confirmed their attendance. The event, scheduled from 6:30 PM to 10:30 PM UTC, will bring together key figures from both the crypto sector and the U.S. government.

Who’s Attending?

According to Fox Business journalist Eleanor Terrett, at least 22 crypto executives and two White House representatives have confirmed their participation. The Presidential Working Group on Digital Assets—comprising Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Attorney General Pam Bondi, and the heads of the SEC and CFTC—is also expected to take part in discussions.

However, some prominent figures, including Tether CEO Paolo Ardoino and Binance co-founder Changpeng Zhao (CZ), have yet to confirm their attendance. Ardoino was recently seen at a separate crypto CEO forum hosted by the CFTC in Washington, D.C., alongside Ripple CEO Brad Garlinghouse, Crypto.com’s Kris Marszalek, and Coinbase’s Greg Tusar.

For those not invited to the main roundtable discussions, an exclusive reception is being planned near the White House.

Trump’s Strategic Bitcoin Reserve: Hit or Flop?

The summit comes in the wake of Trump’s recent executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile, sparking intense debate within the crypto community. The order clarifies that the U.S. government will hold only seized Bitcoin—roughly 200,000 BTC—rather than making fresh purchases.

Initially, the market reacted with excitement, speculating that the government might actively buy Bitcoin. However, the fine print revealed no immediate acquisition plans, leading to swift disappointment and price volatility.

In simple terms, instead of buying Bitcoin, the U.S. will only retain confiscated assets from enforcement actions. While some traders saw this as a letdown, others viewed it as a long-term bullish signal, as it recognizes Bitcoin as a store of value, provides regulatory clarity, and suggests a potential shift away from aggressive lawsuits against crypto firms.

Mixed Reactions from the Industry

Despite the policy’s long-term implications, 10x Research noted that many in the community were expecting outright Bitcoin purchases rather than just stockpiling seized assets.

However, Coinbase’s Conor Grogan noted that by holding onto this BTC, Trump’s decision effectively removed $18 billion in sell-side pressure, which could be a long-term bullish factor.

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Well, What’s Next?

As the summit unfolds, many in the industry are pushing for broader representation in future discussions. Calls have grown louder for key figures such as ARK Invest’s Cathie Wood, Ethereum’s Vitalik Buterin, Cardano’s Charles Hoskinson, and Solana’s Anatoly Yakovenko to be included in upcoming policy talks.

Trump’s Strategic Bitcoin Reserve signals long-term confidence in Bitcoin by locking up seized assets without taxpayer spending, easing concerns over potential sell-offs. However, altcoins in the U.S. Digital Asset Stockpile face uncertainty, as they could be liquidated at any time. Unless policies change, this remains a bearish signal for non-Bitcoin assets.