Michael Saylor, CEO of MicroStrategy, Vlad Tenev, CEO of Robinhood, and Zach Witkoff, co-founder of Trump’s cryptocurrency enterprise, World Liberty Monetary, are amongst these attending. The White Home didn’t launch the entire record of visitors or the agenda.
The assembly comes after Trump signed an govt order on Thursday to create a strategic crypto reserve. The reserve will maintain bitcoin and 4 different cryptocurrencies, utilizing property seized from felony and civil instances. The purpose is to construct the reserve with out burdening taxpayers.
Crypto leaders count on the reserve plan to spark debate. Some, like Exodus CEO JP Richardson, argue bitcoin needs to be the one coin included. Others, like Ripple CEO Brad Garlinghouse, help a mixture of cryptocurrencies.
Coinbase CEO Brian Armstrong prompt a bitcoin-only reserve can be the most secure possibility. In the meantime, attendees hope the summit will deliver regulatory readability and encourage crypto’s development as a mainstream asset class.
The summit is about to begin at 1:30 pm ET. The White Home has not but commented on the occasion’s particulars or the conflict-of-interest issues tied to Trump’s crypto enterprise.