Who is Joining Trump at the White House Crypto Summit and Why It Matters

White House-Hosted First Cryptocurrency Meeting, Key Industry Figures Expected to Attend A Meeting Format Replacing the Cryptocurrency Committee, Key Issues to Be Discussed

[Unblock Media] This Friday, the first cryptocurrency meeting hosted by the White House is scheduled to take place, with many key industry figures expected to attend. The meeting, led by AI and cryptocurrency officer David Sacks, will replace the previously promised "Cryptocurrency Committee" by President Trump. [object Object] In light of concerns about weakened political support due to recent industry divisions, the administration is reportedly quietly disbanding the committee.

Official invitations began being sent out starting from Tuesday. Confirmed attendees include [Strategy co-founder Michael Saylor](([object Object] managing partner of Multicoin Capital Kyle Samani, and Paradigm co-founder Matt Huang. While Robinhood CEO Vlad Tenev hinted at his attendance on social media, there has been no official confirmation from the company. Additionally, CEOs of Coinbase and Kraken, [object Object] and Arjun Sethi, have confirmed their attendance. Ripple’s spokesperson declined to comment on whether [object Object] would be attending.

Christine Smith, CEO of [object Object], expects around 20-25 industry leaders to attend the meeting, most of whom are founders or CEOs of major cryptocurrency companies. From the Trump administration’s side, other than David Sacks, Treasury Secretary Scott Besant and interim heads of the SEC and CFTC are likely to attend.

President Trump signed an executive order establishing a presidential working group on the digital asset market shortly after taking office. This group is entirely composed of administration officials. However, industry lobbyists expressed surprise at the announcement, as President Trump had previously promised to create a permanent cryptocurrency committee for direct communication between industry leaders and the White House. Instead, the administration has decided to quietly retract those plans and continue communication through one-off meetings like this.

The cryptocurrency industry has seen divisions over major issues in recent weeks. For example, the ongoing access of non-U.S. stablecoin issuer Tether to the U.S. Treasury, and whether tokens other than Bitcoin would be included in the federal cryptocurrency reserve fund have been points of contention. Concerns that a permanent committee could become a source of conflict have likely contributed to the administration opting for a meeting format.

This meeting is expected to strengthen collaboration between the cryptocurrency industry and the government and serve as an important opportunity to discuss regulatory and policy directions. It is anticipated to focus on collecting diverse industry perspectives and seeking sustainable development strategies. It is hoped that such meetings will be held regularly in the future to foster close cooperation between the industry and the government.