As President [popover-profile type=”person” name=”donaldtrump”] gears up for the first White House Crypto Summit today, over 20 major industry leaders have confirmed their attendance. The summit will take place between 6:30 PM and 10:30 PM UTC, featuring key figures from both the crypto industry and government.
The Crypto OG List
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, which includes Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Attorney General Pam Bondi, and the heads of the SEC and CFTC, is also expected to be involved.
Some notable industry leaders, like Tether CEO Paolo Ardoino and Binance co-founder Changpeng Zhao (CZ), have not confirmed their attendance yet. However, Ardoino was spotted at another 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.
A larger invite-only reception is also being planned near the White House for those not invited to the roundtable discussions.
Mixed Reactions to Trump’s Bitcoin Reserve Executive Order
The summit follows Trump’s executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile, sparking heated debate within the crypto community. The order clarifies that the government will only hold seized BTC—roughly 200,000 BTC—and will not actively buy more at this time. Initially, the market cheered at the news, expecting immediate large-scale Bitcoin purchases by the U.S. government. But the fine print clarified there’s currently no additional buying planned, causing immediate disappointment and volatility.
So, in simple terms, instead of buying Bitcoin, the U.S. government will only hold confiscated assets from enforcement actions. While the crypto market reacted with disappointment due to the lack of a direct Bitcoin purchase, the move is bullish long-term, as it officially recognizes Bitcoin as a store of value, signals regulatory clarity, and suggests an end to aggressive lawsuits against crypto firms.
Meanwhile, 10x Research pointed out that this move fell short of expectations, as many in the community anticipated government Bitcoin purchases rather than just keeping confiscated 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.[post_titles_links postid=”429145″]
As the event unfolds, many in the community are calling for more key industry 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 future discussions.
Trump’s Strategic Bitcoin Reserve signals long-term bullishness for Bitcoin, as it locks up seized assets without taxpayer spending, reducing fears of sudden sell-offs. However, altcoins in the U.S. Digital Asset Stockpile face uncertainty since they could be liquidated anytime, making it a bearish signal unless policies change. While Bitcoin might consolidate in the short term, its outlook remains strong if the reserve is managed well. Altcoins, on the other hand, need either a policy shift or stronger utility to regain momentum. More clarity is expected from the White House Crypto Summit.
