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 legal and civil circumstances. The objective is to construct the reserve with out burdening taxpayers.
Crypto leaders anticipate 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, assist a mixture of cryptocurrencies.
Coinbase CEO Brian Armstrong recommended a bitcoin-only reserve can be the most secure possibility. In the meantime, attendees hope the summit will convey regulatory readability and encourage crypto’s progress as a mainstream asset class.
The summit is about to start out at 1:30 pm ET. The White Home has not but commented on the occasion’s particulars or the conflict-of-interest considerations tied to Trump’s crypto enterprise.
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