#WhiteHouseCryptoSummit

Yesterday, March 7, 2025, US President Donald Trump hosted the first-ever Cryptocurrency Summit at the White House, bringing together prominent industry leaders to discuss the future of digital assets in the country.

Attendees included Michael Saylor, CEO of MicroStrategy; Zach Witkoff, co-founder of World Liberty Financial; Vlad Tenev, CEO of Robinhood Markets; Brian Armstrong, CEO of Coinbase; and Brad Garlinghouse, CEO of Ripple. The meeting focused primarily on Trump's plans to establish a strategic reserve containing Bitcoin and four other cryptocurrencies. The day before, Trump signed an executive order instructing the secretaries of the Treasury and Commerce to develop strategies to acquire Bitcoin at no additional cost to taxpayers, using digital assets seized in lawsuits.

During the summit, industry leaders expressed optimism about working with the Trump administration and stressed the need for regulatory clarity for the cryptocurrency market. Brian Armstrong highlighted that a Bitcoin-only reserve would be the best option, while Brad Garlinghouse praised Trump’s recognition of a multichain ecosystem that goes beyond Bitcoin.

The creation of the strategic cryptocurrency reserve represents a significant milestone in U.S. economic policy, reflecting the growing interest and importance of digital assets in the global economy.