White House Crypto Summit

• President Trump will host the first White House Crypto Summit on March 7, 2025, to discuss digital asset regulations.
• The summit will include industry leaders like Michael Saylor and government officials.
• The evidence leans toward the summit addressing regulatory frameworks, stablecoins, and a crypto reserve.
• There’s controversy around the feasibility of a crypto reserve, with experts debating its economic impact and volatility.

The cryptocurrency industry has long sought regulatory clarity in the U.S., especially after a period of uncertainty under the previous administration. President Trump, during his campaign, promised to make the U.S. the “crypto capital of the world,” a commitment reinforced by an executive order in January 2025 establishing the President’s Working Group on Digital Asset Markets (White House). This group, chaired by David Sacks, is tasked with developing a federal regulatory framework for digital assets, including stablecoins, and evaluating a strategic national digital assets stockpile.

The White House Crypto Summit, set for March 7, 2025, is a direct outcome of this initiative, marking the first time such an event is hosted at this level. It follows Trump’s announcement of a crypto strategic reserve, including Bitcoin, Ethereum, Ripple, Solana, and Cardano, which has sparked significant market and expert interest.

Summit Details and Attendees

The summit is scheduled from 6:30 pm to 10:30 pm UTC on March 7, 2025, at the White House, with a roundtable format for 20-25 participants (Fox Business). Confirmed attendees include:

This mix of industry and government figures suggests a collaborative approach to policy-making, with discussions likely focusing on regulatory clarity, stablecoin oversight, and the crypto reserve.

Key Topics and Objectives

The summit’s agenda includes several critical areas.

Regulatory Framework

The crypto industry seeks clear definitions, such as distinguishing between securities and commodities, to reduce uncertainty (Atlantic Council). This could involve aligning with international models like the EU’s MiCA regulation.

Stablecoin Oversight

Discussions may draw from global examples, such as Hong Kong’s licensing system, to ensure consumer protection and market stability (TheStreet).

Crypto Strategic Reserve

The reserve, announced to include Bitcoin, Ethereum, Ripple, Solana, and Cardano, aims to position the U.S. as a leader in digital finance. It could serve as a hedge against economic uncertainties, but its feasibility is debated due to crypto volatility (NPR).

Market Reaction

The announcement of the crypto reserve triggered a market rally, with Bitcoin increasing by 8%, Ethereum by 11%, Ripple by 33%, Solana by 22%, and Cardano by 60% initially.

However, these gains were short-lived, with prices later stabilizing or declining, reflecting market sensitivity to regulatory news.

As of March 5, 2025, the total crypto market capitalization is approximately $3.02 trillion, with Bitcoin holding a dominance of 60.00% (CoinGecko). This scale underscores the industry’s significance and the potential impact of summit outcomes.

Charles Hoskinson and the Controversy

Charles Hoskinson, co-founder of Cardano and a notable figure in the crypto space, was not invited to the summit, despite Cardano’s token, ADA, being included in the reserve.

This exclusion has sparked controversy, with reports suggesting a White House source stated, “They are not involved in anything about trying to influence policy and they are not invited to Friday’s summit”.

Hoskinson responded by downplaying the summit’s significance, focusing on legislative progress and claiming he had been in contact with the White House (CryptoSlate).