GuShiio.com Trump’s role at the summit is essentially a high-risk political gamble-harvesting crypto votes and capital support by deregulation, while shaping “American crypto hegemony” into a personal legacy. Although the White House stated its commitment to “provide a clear regulatory framework to promote innovation,” the real anxiety in the market is whether this policy dividend can offset the uncertainty about the Fed’s interest rate policy and geopolitical conflicts.
Author: Techhub Cryptographic Machiavellian
–From regulatory games to ecological reconstruction, who is defining the future of encryption?
On March 7, 2025, the White House held the first cryptocurrency industry summit. This closed-door meeting led by the Trump administration is regarded by the industry as a key milestone in cryptocurrency’s transition from marginal innovation to mainstream due to the “all-star” nature of its participating lineup and the forward-looking nature of the topics. From exchange giants, Wall Street capital to founders of blockchain agreements, many forces have gathered in Washington to engage in a fierce game on the balance of supervision and innovation. How will this conference reshape the rules and landscape of the global crypto market? The following is an in-depth analysis from three dimensions: participant background, core issues and potential impact.
Participants ‘Map: A trio of power, capital and technology
Although the list of 50 people for the summit has not been fully disclosed, according to a White House statement, the meeting was led by David Sacks, the “cryptocurrency czar” and White House head of artificial intelligence and cryptocurrency affairs, and was managed by the Digital Assets Advisory Board Executive Director Bo Hines. Participants included not only business leaders such as Coinbase and MicroStrategy, but also members of the President’s Digital Assets Working Group, highlighting the Trump administration’s all-round wooing of the crypto industry.
(The picture above only shows some participants)
1. Exchanges and financial services giants: compliance pioneers
As the head of the largest compliant exchange in the United States, Coinbase has lobbied to promote the Digital Asset Market Structure Act (DAMA) in recent years. Its demands are directed at the SEC to clarify token classification standards. Armstrong said publicly before the meeting: “Regulation should not be the enemy of innovation, but a shield to protect users.”
Vlad Tenev（Robinhood CEO）Robinhood has attracted more than 20 million young users with zero-commission crypto trading, but its “order-flow payment” model has been investigated by the SEC. At this meeting, Tenev may promote a retail-friendly regulatory framework to balance market access and risk control.
Arjun Sethi（Kraken CEO）Kraken was recently sued by the SEC for pledge services. Sethi’s speech may focus on “modernizing regulatory means” and emphasize the controversy over the applicability of traditional securities laws to pledge, lending and other on-chain activities.
2. Bitcoin Fundamentalists: Decentralized Evangelists
Michael Saylor (founder of MicroStrategy)Saylor, a “Bitcoin whale” that holds more than 200,000 BTC, has always advocated that “Bitcoin is digital gold.” Its speech is expected to emphasize Bitcoin’s monetary policy independence and oppose CBDC’s potential erosion of crypto assets.
David Bailey（Bitcoin Magazine CEO）As the mouthpiece of Bitcoin’s core community, Bailey may attack “excessive regulation” for undermining the spirit of decentralization and call for technological innovation to protect miners ‘rights and privacy.
3. Capital traders: the driving force of institutionalization
Matt Huang (Paradigm Joint Venture)This top crypto venture capital in Silicon Valley has led star projects such as Uniswap and FTX. Huang may propose “incremental supervision” and advocate establishing a sandbox mechanism for the DeFi protocol.
Kyle Samani (Managing Partner, Multicoin Capital)Samani, who is famous for betting on disruptive projects such as Solana and Helium, may emphasize that “regulation needs to adapt to the multi-chain ecosystem” to avoid a recurrence of the Ethereum centralization problem.
4. Agreement builders: attackers in technology implementation
Sergey Nazarov (Chainlink)Chainlink oracles provide data support for the $100 billion DeFi ecosystem, and Nazarov may call for the establishment of “on-chain compliance infrastructure” such as a verifiable KYC oracles network.
Jp Richardson（Exodus CEO）The participation of the self-managed wallet manufacturer suggested that the meeting might discuss private key management standards and balance user asset control with anti-money laundering requirements.
5. Representatives of emerging forces: The voice of globalization and liberalism
Zach Witkoff (World Liberty Fund)The organization is committed to promoting financial inclusion through cryptocurrencies, and Witkoff may propose the concept of a “regulatory exemption zone” to allow developing countries to experiment with cryptocurrency policies.
Core issue: Rivals and consensus coexist
Despite the Trump administration’s high-profile overtures to the crypto industry, the market has fluctuated sharply recently-Bitcoin dropped from a high of $109,800 in January to a low of $78,200, wiping out almost all post-election gains. Analysts pointed out that the market urgently needs two catalysts:Federal Reserve interest rate cut expectations come into effectorTrump administration launches clear regulatory framework。
1. Regulatory framework: Where can the SEC’s “iron fist” go?
Token classification deadlock: The SEC adheres to the “Howey Test” principle and identifies most tokens as securities; companies such as Coinbase require dynamic classification of tokens based on their actual use (such as governance and payments).
DeFi regulatory vacuum: Do agreements such as Uniswap require “exchange” responsibilities? Paradigm may propose that “protocol developers be exempted from liability and front-end interfaces be included in regulation.”
Cross-border law enforcement challenges: The U.S. Department of Justice is concerned about currency mixers such as Tornado Cash, but the decentralized nature of technology has stalled accountability.
2. Financial stability: Is cryptocurrency a “source of risk” or an “antidote”?
Legislative priority for stablecoin: Circle (USDC issuer) advocates placing stablecoin regulation before CBDC to avoid double shocks to the US dollar system.
Too Big to Fail (TBTF) controversy: If systemically important institutions such as Coinbase go bankrupt, is it necessary to establish a “crypto deposit insurance fund”?
Exploring counter-cyclical tools: MicroStrategy proposes to allow companies to include a combination of treasury bonds and bitcoin on their balance sheets to hedge fiat inflation risks.
3. Technological innovation: Who can define the next generation of infrastructure standards?
The debate over modular blockchain: Celestia’s modular architecture challenges Ethereum’s “all-round chain” model, regulating or influencing technology route selection.
ZK-Rollup compliance paradox: How to balance privacy and regulatory transparency? The “compliance ZK-SNARKs” plan proposed by Vitalik Buterin may be a compromise option.
Integration of AI and encryption: Worldcoin’s iris scanning identity protocol has been investigated by many countries, and the summit may discuss on-chain storage specifications for biometric data.
4. Bipolar narrative of price forecast:
Standard Chartered Bank’s crazy prediction: Analyst Geoff Kendrick predicts that Bitcoin may hit US$500,000 during Trump’s tenure, citing reasons including explosive institutional demand and increased regulatory certainty;
realistic constraints: If the Federal Reserve delays interest rate cuts or the regulatory framework is blurred, the market may fall into a “policy panic selling” again.
3. Potential impact: Top five predictions for 2025-2030
The consensus and differences at this summit will profoundly affect the industry direction in the next five years:
1. Regulation: From barbaric growth to “Licensing 2.0”
The United States may launch a “federal encryption license” to replace the current MTL (Money Transfer License) system in various states. Exchange compliance costs will soar and small and medium-sized platforms will accelerate the elimination of. The SEC may issue a “non-securities statement” on the top 50 tokens with market value to clear the obstacles for institutions to enter the market.
2. Market structure: Institutions swallow, retail investors recede
The Bitcoin ETF size of asset management giants such as BlackRock and Fidelity will exceed US$500 billion and control pricing power. Retail investors are turning to “compliant DeFi” products, such as tokenized treasury bonds, where yield competition replaces speculation.
3. Technology route: Innovation trade-offs under compliance priority
Privacy coins (such as Monero) may be completely removed, and Zcash needs to force a transparent transaction model. Ethereum L2 needs to embed a “regulatory module”, such as automatically reporting large transactions to authorities.
4. Geofinance: Dollar stablecoin alliance versus multipolar reserves
The United States or jointly with G7 countries will establish a “stablecoin Standard Committee” to include USDT and USDC in the IMF Special Drawing Rights (SDR) basket. Emerging market countries are accelerating the deployment of their own stablecoins, such as Nigeria’s eNaira and cryptocurrency interoperability agreement.
5. Social controversy: Energy, fairness and AI ethics
Bitcoin mining may be included in the “green bond” framework to hedge emissions disputes through carbon credit trading. DAOs (decentralized autonomous organizations) may gain “limited legal personality”, but their decision-making algorithms are subject to anti-discrimination review.
Conclusion: Summit commitments and
Market bets
The essence of Trump’s role in the summit isA high-risk political gamble–Harvest encryption votes and capital support by deregulation, and at the same time shape “American encryption hegemony” into personal legacy. Although the White House stated its commitment to “provide a clear regulatory framework to promote innovation,” the real anxiety in the market is whether this policy dividend can offset the uncertainty about the Fed’s interest rate policy and geopolitical conflicts.
As Chainlink founder Sergey Nazarov warned after the meeting: “When cryptocurrency becomes a political tool, its fate is tied to Washington’s power game.” This summit may have given the industry a breathing space, but the pull of decentralized idealism and centralized power is destined to be a game without end.
