Original title: “Digging deep into the White House Encryption Summit, who are the 25 mysterious seats?”

Original author: Angelilu, Foresight News

David Sacks, the US AI and cryptocurrency czar, tweeted on March 1 that the White House will hold the first crypto summit on March 7, and that US President Trump will personally participate and deliver a speech. The name of the “First White House Crypto Summit” alone was enough to stir up waves in the crypto industry. Immediately afterwards, US President Trump announced the next day (March 2) that he would establish a “cryptocurrency strategic reserve”. He proposed that XRP, SOL and ADA be included in the reserve, and then other top cryptocurrencies such as BTC and ETH will also be included in the reserve.

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

The predecessor of the summit was the “Encryption Advisory Committee”

Although there is not much official information disclosed at this summit, there are currently only White House documents screenshots taken by David Sacks and not yet made public, but there is a lot of gossip.

FOX Business reporter Eleanor Terrett revealed that Friday’s White House Crypto Summit will be the first in a series of meetings. This summit will replace the previously closely watched “Crypto Advisory Committee” as a way for the President’s Digital Assets Working Group to work with industry to formulate policies, and 25 invitees have been finalized.

You know, as early as the eve of Trump’s inauguration, crypto industry executives were already vying for these precious “Crypto Advisory Committee” seats. The committee has important missions such as drafting legislation, establishing Bitcoin reserves and promoting regulatory clarity. Sources said that the committee originally planned to be composed of about 24 crypto industry CEOs and founders, but the official list has not yet been announced. According to previous reports by Bloomberg, founders of major encryption projects in the United States have tried their best to be selected through various network relationships. However, 25 seats obviously cannot meet the ambitions of industry leaders. In mid-February, people familiar with the matter revealed that Trump was considering replacing the original concept of a crypto advisory committee with an informal industry summit, and may convert fixed seats into rotating seats.

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

Who will participate?

In addition to U.S. President Trump, AI and cryptocurrency czar David Sacks, and Bo Hines, executive director of the Crypto Working Group, who are explicitly mentioned on the list, sources said that politicians attending the summit include U.S. Treasury Secretary Scott Bessent, U.S. Commerce Secretary Howard Lutnick, New York Attorney General Letitia James, U.S. Attorney General Pam Bondi, and SEC Chairman Paul Atkins will attend the meeting.

In addition to politicians, who are the industry people that the encryption industry is more concerned about to participate in this summit?

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

First of all, in recent hours, some well-known industry figures have confirmed that they will attend the summit (of course, there are also many communities who post the same template text to play tricks). In addition, the basis for speculation can be based on previous Bloomberg reports that most of the possible appointees on the “Cryptography Advisory Committee” have established relationships with Trump and have met with him in recent months, which is an important basis for further speculation.

set in stone

Brad Garlinghouse（Ripple CEO）

Ripple CEO Brad Garlinghouse was the first to tweet that he was on the invited list. He forwarded David Sacks ‘tweet and said he would appear in Washington at the time of the summit.

Looking back, the connection between Trump and Ripple 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 on Truth Social about Ripple CEO Brad Garlinghouse, which also triggered price fluctuations in XRP. In March, XRP was included in the U.S. cryptocurrency reserve assets.

Matt Huang (co-founder of Paradigm)

Another confirmed attendee was Paradigm co-founder Matt Huang, who tweeted on March 5 confirming that he would attend Friday’s White House Digital Assets Summit and thanked President Trump for his invitation. Among the topics it said it looked forward to discussing were how the United States could play a leadership role in promoting open encryption principles and provide support to builders in ecosystems such as Bitcoin, Ethereum and Solana.

Kyle Samani (Managing Partner, Multicoin Capital)

Kyle Samani, managing partner of Multicoin Capital, also confirmed on Twitter that he would attend the summit.

Michael Saylor (Founder of Strategy)

Michael Saylor tweeted to confirm participation.

David Bailey（Bitcoin Magazine）

Bitcoin Magazine CEO David Bailey retweeted Michael Saylor’s tweet with the caption “See you there”, hinting that he would also attend the summit.

Jp Richardson（Exodus CEO）

Jp Richardson, CEO of cryptowallet provider Exodus, issued a statement confirming that he will attend this Friday’s Digital Assets Summit and said that self-hosting may be discussed. Previously, Exodus also donated money to Trump’s election.

Zach Witkoff (co-founder of the World Liberty Fund)

Zach Witkoff tweeted that he would attend the White House Digital Assets Summit on Friday.

Possible attendance?

Charles Hoskinson (founder of Cardano)

Hoskinson has previously said via a personal podcast that he has been involved in the formulation of U.S. encryption policy and revealed in February that he would meet a “big shot.” Similarly, ADA has been included in the U.S. cryptocurrency reserve assets.

Hoskinson’s remarks also suggested that he might attend the summit. After the community raised questions about why the ADA was included in the reserve, he issued a post on March 2 saying,”Tonight the executive branch will not appoint anyone to any cryptocurrency-related role. The meeting does not mean recognition or magical new powers. The legislative process is like this. It is a process that requires time and energy.

I will not comment on this topic again until I have clear and tangible information about the legislative process to create new laws that will allow the industry to survive and thrive in the United States.”

Jeremy Allaire（Circle CEO）

Circle also donated money to Trump’s inauguration fund, and as the issuer of USDC, Circle plays a pivotal role in the field of stablecoins. Its CEO Jeremy Allaire may speak out at the summit, especially considering that stablecoins could become an important part of U.S. regulation.

Brian Armstrong（Coinbase CEO）

Before Trump took office, people familiar with the matter said that Trump had a private meeting with Coinbase CEO Brian Armstrong, and Brian Armstrong once said that US President Trump showed strong interest in strategic bitcoin reserves.

Coinbase has been actively involved in cryptocurrency policy discussions in the United States, and Brian Armstrong has met with U.S. congressmen and regulators many times and has publicly called for a reasonable cryptocurrency regulatory framework. In addition, Coinbase has recently been very determined in facing legal challenges from the U.S. Securities and Exchange Commission (SEC) and continues to promote regulatory clarity.

Kris Marszalek（Crypto.com CEO）

Kris Marszalek, CEO of Crypto.com, also posted a photo with Trump, and the tweet is still posted on his homepage. Crypto.com donated US$1 million to Trump’s Inaugural Committee. So it’s not hard to suspect that Kris Marszalek is also on the list.

Nathan Allman（Ondo Finance CEO）

Ondo is also a crypto project that donated money to the Trump Inaugural Committee, and WLFI, the Trump family crypto project, once bought Ondo’s token ONDO. Nathan Allman agreed with the U.S. approach to the U.S. strategic cryptocurrency reserve,”As a U.S. based blockchain company, we believe that President Trump’s establishment of the U.S. strategic cryptocurrency reserve is a key step towards U.S. leadership in digital assets.”

Sergey Nazarov (co-founder of Chainlink)

Sergey Nazarov’s latest tweet shows that he is in Washington and has been in close contact with government officials in the last week of February.

Stuart Alderoty (Chief Legal Officer, Ripple)

It is unclear whether a company or entity has only one quota. Ripple’s chief legal officer Stuart Alderoty is not sure whether he is on the invited list. Although he and Brad Garlinghouse took photos with Trump and have more than 30 years of legal experience, Stuart Alderoty has not released any recent developments related to the summit on his X account.

Joseph Lubin (founder of Consensus sys)

Although Joseph Lubin, co-founder of Ethereum and founder of Consensus sys, did not focus too much on the upcoming summit, he responded to the news that Trump was building a cryptocurrency reserve,”My colleagues at Consensus sys and I spent a lot of time in Washington, D.C., before and after the November 5 election. The Trump administration is well aware of Ethereum’s status, maturity and capabilities. The Trump family is very keen on building a lot of businesses on Ethereum.”

In addition, Eleanor Terrett confirmed on X that the guest list would be smaller than previously expected because the summit would include other members of the President’s Digital Assets Task Force, but then plans were planned to host a larger, invite-only reception for those who were not invited to the roundtable across the street from the White House. The list of possible participants also includes:

In addition, the community also speculated that Robinhood CEO Vlad Tenev, Kraken CEO Arjun Sethi and Cathie Wood will attend the summit, but no relevant clues have been found.

summary

As one of the important industry conferences launched by the new Trump administration, this summit will have a profound impact on the development pattern of cryptocurrencies in the United States and even the world.

In the preparations for the summit, when it was still known as the “Cryptography Advisory Committee,” topics disclosed by people familiar with the matter included core areas such as digital payment innovation, encryption data center construction, and Bitcoin mining industry planning.

There are also community rumors that the Trump administration plans to introduce a zero capital gains tax policy to exempt crypto assets held for more than a year from tax.

Industry experts generally predict that this summit will discuss in depth a number of key issues: first, establishing a strategic reserve of cryptocurrencies in the United States, which is not only related to the security of national digital assets, but will also bring huge value enhancement to selected assets; second, clarifying the regulatory framework, providing a stable and predictable environment for industry development; third, promoting widespread adoption at the institutional level and promoting the entry of cryptoassets into the mainstream financial system; The last is to resolve some controversial regulatory policies to ensure the healthy development of the industry.

In addition, the U.S. Securities and Exchange Commission is also actively preparing for a series of symposiums, the first of which will be held on March 21 at the SEC headquarters in Washington, D.C., focusing on the basic issue of “definition of security status.”

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