After hosting its first crypto summit last Friday, the Trump administration has confirmed that it will not organize another large-scale event of this kind. Instead, the White House will focus on smaller, more specialized meetings to discuss specific issues within the crypto industry.
The White House Crypto Summit: A Landmark Event with Notable Statements
The first-ever White House crypto meeting under President Donald Trump will take place on Friday, bringing together top industry leaders. This event replaces an earlier plan to establish a permanent “crypto council,” which was scrapped due to internal conflicts within the industry.
An anonymous source called the decision to abandon the council “a brilliant strategic move” that prevents power struggles within the White House. Kristin Smith, CEO of the Blockchain Association, agreed, noting, “A fixed council could create a sense of exclusivity, leaving some stakeholders out from the start.”
Discussions at the summit will cover pressing issues such as whether foreign stablecoin issuers like Tether should have access to U.S. Treasury bonds and whether the federal government should include tokens beyond Bitcoin in its crypto reserves. These controversies prompted the Trump administration to opt for periodic crypto summits rather than a standing council, which could fuel industry disputes.
Source: Investopedia
Key Attendees
David Sacks, Trump’s “AI and Crypto Czar,” will lead the summit. Confirmed attendees include:
- Michael Saylor (Strategy)
- Kyle Samani (Multicoin Capital)
- Matt Huang (Paradigm)
- Vlad Tenev (Robinhood)
- Brian Armstrong (Coinbase)
- Arjun Sethi (Kraken)
- Kris Marszalek (Crypto.com)
From the administration’s side, Treasury Secretary Scott Bessent and acting leaders of the SEC and CFTC may also participate.
The White House Shifts to Smaller, More Focused Meetings
Although the first summit successfully connected industry leaders with government officials, Bo Hines, Executive Director of the Presidential Working Group on Digital Assets, confirmed that no similar large-scale events are planned. Instead, the White House will hold smaller, issue-specific meetings.
“We want a more effective process that gathers the most valuable insights for sound decision-making,” Hines explained. He added that upcoming meetings will focus on key legislative topics under Congressional review, particularly stablecoin regulations and crypto market structure.
Key Discussion Topics
Hines outlined several major areas of focus for future meetings:
- Stablecoin Regulation: The administration is exploring ways to regulate stablecoins without stifling industry growth.
- Centralized Exchanges (CEXs): Upcoming policies may impact platforms like Coinbase, Binance US, and Kraken.
- Crypto Mining and Energy Consumption: Lawmakers will examine mining policies and their environmental impact.
- Investment and Financial Regulations: The White House aims to foster a safe investment environment while ensuring investor protection.
The White House Remains Engaged with Crypto
Despite ruling out more large-scale summits, the Trump administration remains actively engaged with the crypto sector. Following last week’s meeting, the Digital Assets Working Group will continue working with Congress to develop policies that support industry growth while safeguarding traditional financial stability.
Rather than focusing on symbolic events, the administration is taking a more practical approach. Smaller, targeted meetings will allow policymakers to gain deeper insights into critical issues, enabling more informed decision-making that benefits both the crypto industry and the U.S. economy.
While the White House under Trump remains interested in crypto, it is shifting toward specialized discussions rather than large-scale gatherings. This strategic shift will help craft well-informed policies that promote industry innovation while mitigating financial risks. In the coming months, the crypto community should closely monitor developments from both the Presidential Working Group on Digital Assets and Congress.
Summary
The Trump administration remains engaged with crypto but will focus on smaller, issue-specific meetings. This approach aims to support innovation while ensuring financial stability. The industry should watch for upcoming policy changes.
Read more: What Will The White House Do With The Cryptocurrency Market This Week
