The First White House Cryptocurrency Summit Will Be Held on March 7

On March 1, David Sacks, the American AI and cryptocurrency czar, tweeted to confirm that the White House will hold its first crypto summit on March 7

American AI and cryptocurrency czar David Sacks confirmed on March 1 that the White House will hold its first crypto summit on March 7, and US President Trump will personally attend and deliver a speech. The title of "First White House Crypto Summit" alone is enough to stir up a thousand waves in the crypto industry.

Then the next day (March 2), US President Trump announced that he would be establishing a "Cryptocurrency Strategic Reserve", which mentioned that XRP, SOL and ADA would be included in the reserve, and then added that other top cryptocurrencies such as BTC and ETH would also be included in the reserve.

When people wanted to know more information, David Sacks spoke again, saying that more information related to the establishment of a strategic reserve of cryptocurrency would be revealed at the summit on March 7.

The summit’s predecessor was the “Crypto Advisory Committee”

Although not much official information has been released about this summit, there are only White House documents that David Sacks has screenshotted and have not yet been made public, but there are a lot of rumors.

FOX Business reporter Eleanor Terrett revealed that Friday's White House Crypto Summit will be the first in a series of meetings. The summit will replace the previously highly-anticipated "Crypto Advisory Committee" as a way for the Presidential Digital Asset Working Group to work with the industry to formulate policies, and 25 invitees have been finalized.

You know, as early as the eve of Trump's inauguration, crypto industry executives have been vying for these precious "Crypto Advisory Committee" seats. The committee is responsible for drafting legislation, establishing Bitcoin reserves, and promoting regulatory clarity. According to reports, the committee was originally planned to be composed of about 24 crypto industry CEOs and founders, but the official list has not yet been announced. As previously reported by Bloomberg, the founders of major crypto projects in the United States have been trying their best to get selected through various networks of relationships. However, 25 seats are obviously unable to meet the ambitions of industry leaders. In mid-February, people familiar with the matter revealed that Trump was considering replacing the original idea of the Crypto Advisory Committee with an informal industry summit, and that fixed seats might be converted into rotating seats.

Coincidentally, the initial invitation list for the crypto summit was also about 25 people. The invited delegates are very likely to be the first to master the core intelligence such as the selection criteria for the US strategic cryptocurrency reserve assets, which means that the possibility of digital assets associated with these delegates being included in the national strategic reserve will be greatly increased. Industry analysts have pointed out that the US government's strategic cryptocurrency reserve assets, except for Bitcoin, are likely to be purchased through the open market, which will undoubtedly bring significant benefits to related assets.

Who will attend?

In addition to US President Trump, AI and cryptocurrency czar David Sacks, and Crypto Working Group Executive Director Bo Hines, who are explicitly mentioned on the list, sources said politicians attending the summit also include US Treasury Secretary Scott Bessent, US Commerce Secretary Howard Lutnick, New York Attorney General Letitia James, US Attorney General Pam Bondi, and SEC Chairman Paul Atkins.

Bo Hines Related Introduction Recommended Reading: " Who is Bo Hines, who led this week's White House encryption summit? "

In addition to politicians, the crypto industry is more concerned about who are the industry professionals who will be able to participate in this summit?

Although the official list has not yet been released, based on the existing information and recent developments, we can speculate on several possible important participants.

First, in the past few hours, well-known industry figures have confirmed that they will attend the summit (of course, there are also communities that post the same template text to play with the meme). In addition, according to a previous Bloomberg report, most of the possible appointees to the "Crypto Advisory Committee" have established relationships with Trump and have met with him in recent months, which is an important basis for further speculation.

It's set in stone

Brad Garlinghouse (Ripple CEO)

Ripple CEO Brad Garlinghouse was the first to hint in a tweet that he was on the invite list. He retweeted David Sacks' tweet and said he would be in Washington at the time of the summit.

Looking back, Trump and Ripple's connection can be traced back to December last year, when Ripple donated $5 million worth of XRP to Trump's inauguration. Afterwards, Ripple CEO Brad Garlinghouse and Ripple's chief legal officer Stu Alderoty were photographed having dinner with the president at Mar-a-Lago.

In addition, in February this year, Trump shared an article published by CoinDesk about Ripple CEO Brad Garlinghouse on Truth Social, which also triggered XRP price fluctuations. In March, XRP was included in the US cryptocurrency reserve assets.

Matt Huang (Co-founder of Paradigm)

Another confirmed attendee is Paradigm co-founder Matt Huang