Seeds of Wisdom RV and Economic Updates Thursday Morning 3-06-25
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WHITE HOUSE CRYPTO SUMMIT 2025: EVERYTHING IMPORTANT YOU NEED TO KNOW
The White House Crypto Summit on March 7 will bring together crypto industry leaders and regulators for a night that many believe could shed more light on President Trump’s plans for crypto in the U.S. Here’s what you need to know.
According to FOX Business journalist, Eleanor Terrett, the summit will be a gathering of around 20 to 25 people at a roundtable setting hosted at the White House.
The White House Crypto Summit guest list, according to insiders, will be smaller than expected, but includes major crypto industry leaders and regulators from relevant government bodies. Sources claim attendees will receive official invites from the White House via email.
Earlier this month, AI and crypto czar David Sacks shared the news on his X account, saying that the White House is gearing up to host the first crypto-focused summit on March 7.
“Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there!” said Sacks in his post.
Due to the limited list of attendees, Terret said that a “larger, invite-only reception” will be held following the meeting for those not invited to the smaller round-table meeting but still considered relevant for the development of the crypto space in the U.S.
“This is all happening in real time with plans not 100% finalized so things could change but that’s what I’m hearing at this hour,” said Terret in her post.
A number of White House officials have also confirmed their attendance, including Executive Director of Presidential Council on Digital Assets Bo Hines, AI and crypto czar David Sacks, SEC Chair Mark Uyeda, and CFTC Chair Caroline Pham.
Meanwhile Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Attorney General Pam Bondi have yet to confirm their attendance at the White House Crypto Summit.
So far, around 15 crypto industry leaders from major firms like Strategy, Gemini, Coinbase, Robinhood, Ripple XRP and Crypto.com have confirmed that they will be attending the White House Crypto Summit.
On the other hand, crypto journalist Laura Shin claimed that sources say Cardano Founder Charles Hoskinson has not been invited to attend the summit. Not only that, Solana founder Anatoly Yakovenko also has not confirmed his attendance.
Here’s what we know so far about the upcoming White House Crypto Summit.
Who will be attending the White House Crypto Summit, and who will not?
According to Eleanor Terrett, the list of attendees will include prominent figures from the crypto industry, which includes Strategy Chair Michael Saylor, Paradigm co-founder Matt Huang, CEO of Exodus J.P Richardson, Robinhood CEO Vlad Tenev and Gemini co-founders Tyler Winklevoss and Cameron Winklevoss.
The White House Crypto Summit will also reportedly host major industry players such as Coinbase Base CEO Brian Armstrong, Kraken CEO Arjun Sethi, Bitcoin Magazine David Bailey, Chainlink co-founder Sergey Nazarov, Crypto.com CEO Kris Marszalek, Managing partner at Multicoin Capital Kyle Samani and World Liberty Financial co-founder Zach Witkoff.
Ripple CEO Brad Garlinghouse had been one of the first figures to confirm his attendance, not long after Sacks’ post about the summit.
“I will certainly continue to champion this while in Washington at the end of this week,” Garlinghouse had written in his March 2 post.
According to an Unchained report, inside sources claimed that Garlinghouse had been the one to convince President Trump to include Solana in the crypto reserve in order to make the inclusion of XRP in the reserve “seem more legitimate.”
When asked about the rumor, a Ripple spokesperson did not confirm nor deny it. Instead, he referred to Garlinghouse’s earlier post praising Trump’s crypto vision and emphasizing the importance of cooperation between crypto firms in reaching the industry’s goals.
However at press time, Solana founder Anatoly Yakovenko has not officially confirmed his attendance at the summit. Other crypto figureheads whose attendance status is still unclear include ARK Invest CEO Cathie Wood, Ethereum co-founder Vitalik Buterin and Andreessen Horowitz co-founder Marc Andreessen.
Stablecoin firm leaders Tether CEO Paolo Ardoino and Circle USDC CEO Jeremy Allaire have also stayed quiet about the White House Crypto Summit, despite stablecoin being a major element in U.S. crypto-related policy in recent months.
Moreover, according to Unchained, a White House source claimed Cardano founder Charles Hoskinson will not be invited to the White House Crypto Summit. Many traders found this odd considering ADA is among the tokens Trump listed in his plans for the U.S. Crypto Reserve.
In a video posted on his account, Hoskinson said that he was initially unaware of ADA’s inclusion in Trump’s crypto reserve until the announcement came out.
What will be discussed at the White House Crypto Summit?
The upcoming White House Crypto Summit is set to be a discussion forum where policymakers and industry experts come together to talk about the future of crypto regulations and the U.S. crypto reserve. However, while the event is symbolically important, it may not deliver instant policy changes or a major market turnaround.
As previously reported by crypto.news, Commerce Secretary Howard Lutnick hinted that Trump will talk more about how the Bitcoin strategic reserve will be executed at the White House Crypto Summit on March. 7.
Moreover, the highly-anticipated White House Crypto Summit is expected to provide clarity on the Trump administration’s regulatory plans regarding the advancement of cryptocurrency in the U.S., which could further influence the wider global landscape.
@ Newshounds News™
Source: CryptoNews
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CRYPTO NEWS: CARDANO’S HOSKINSON SNUBBED FOR WHITE HOUSE CRYPTO SUMMIT, RIPPLE CEO ON THE LIST
▪Trump’s White House Crypto Summit Set for March 7 – Key crypto leaders to attend, but Cardano’s Charles Hoskinson is left out.
▪U.S. Crypto Strategy Unfolds – Bitcoin prioritized over altcoins; Trump’s AI & crypto czar David Sacks to lead the discussions.
Anticipation is growing in the crypto world ahead of the White House Crypto Summit set for Friday, March 7, 2025. This first-of-its-kind event is expected to play a crucial role in the future of U.S. crypto policy, possibly launching a U.S. strategic crypto reserve. Several key figures in the industry, including members of former President Donald Trump’s crypto task force, are expected to attend.
However, as the guest list has started to take shape, one notable name is missing:
Cardano co-founder Charles Hoskinson. According to Unchained, a White House source confirmed that Charles Hoskinson was not invited to the summit, nor has Cardano been involved in any policy discussions or meetings with the administration.
“They are running around town trying to push their own sort of narrative. They are not involved in anything about trying to influence policy and they are not invited to Friday’s summit,” the White House source told Unchained.
Hoskinson’s absence is particularly surprising given recent comments from President Donald Trump. On Sunday, Trump mentioned that Cardano’s ADA, would be part of a crypto reserve, which led many to expect Hoskinson’s attendance at the event.
Confirmed Guests for the Summit
Despite the exclusion of Hoskinson, several high-profile crypto industry leaders will be in attendance. The confirmed guest list includes:
▪Brad Garlinghouse – CEO of Ripple
▪Michael Saylor – Founder of MicroStrategy
▪David Bailey – CEO of Bitcoin Magazine
▪Matt Huang – Co-founder of Paradigm
▪JP Richardson – CEO of Exodus
▪Kyle Samani – Managing Partner at Multicoin Capital
▪Zach Witkoff – Co-founder of World Liberty Financial
▪Sergey Nazarov – Co-founder of Chainlink
▪Brian Armstrong – CEO of Coinbase
▪Vlad Tenev – CEO of Robinhood
▪Arjun Sethi – CEO of Kraken
▪Kris Marszalek – CEO of Crypto.com
Hoskinson had previously hinted that he might attend a fundraising dinner for the pro-crypto PAC MAGA Inc., but the White House confirmed that he was not invited to that event either.
Key Focus of the Summit
The summit is set to run from 1:30 p.m. to 5 p.m. ET on March 7 and will be led by David Sacks, President Trump’s appointed AI and crypto czar. One of the main points of discussion will be the handling of Bitcoin and other cryptocurrencies.
Commerce Secretary Howard Lutnick stated in a recent interview that Bitcoin would be treated differently than other altcoins, as it is a significant part of President Trump’s crypto strategy.
@ Newshounds News™
Source: Coinpedia
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SOLANA CO-FOUNDER SAYS A FEDERALLY CONTROLLED CRYPTO RESERVE WILL HARM DECENTRALIZATION ETHOS, PROPOSES STATES CONTROL THEIR OWN RESERVES
Anatoly Yakovenko, the co-founder of the Solana SOL/USD ecosystem, argued against a federal government-controlled cryptocurrency reserve Wednesday, citing a threat to decentralization.
What Happened: In an X post, Yakovenko outlined his order of preference for a potential cryptocurrency reserve.
“No reserve, because if you want decentralization to fail, you'd put the government in charge of it,” he stated as his first and the most ideal choice.
However, if reserves must be set up, Yakovenko said they should be managed by states as a “hedge” against the Federal Reserve making a mistake.
In the case of a federally administered reserve, Yakovenko proposed basing it on “objectively measurable requirements.”
“I don't care what they are, they can even be constructed such that only Bitcoin satisfies them right now, they just must be objectively measurable and rationally justified,” he explained his point.
When questioned if this was an indirect confirmation that no one from Solana pitched SOL for inclusion in the recently announced U.S. cryptocurrency reserve, Yakovenko stated, “No one asked me, and I didn’t pitch it.”
@ Newshounds News™
Source: Benzinga
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