first white house crypto summit attendees and tokens
About 20 to 25 industry leaders are expected to attend the summit, in addition to members from the Trump administration, Decrypt reported.
Members from the Working Group will attend, including Treasury Secretary Scott Bessent and the acting heads of the SEC and the CFTC.
The entire invitee and guest list have not been revealed, but some attendees have been confirmed.
Strategy (MSTR) Chairman Michael Saylor will be at the summit, along with Coinbase’s Armstrong. Other confirmed guests include Robinhood (HOOD) CEO Vlad Tenev, Chainlink cofounder Sergey Nazarov, Exodus CEO JP Richardson and Bitcoin Magazine CEO David Bailey. Matt Huang, cofounder of Paradigm; Kyle Samani, managing partner at Multicoin Capital; Kraken CEO Arjun Sethi; and Zach Witkoff, cofounder of Trump’s World Liberty Financial, will also attend.
Fox Business reported that guests received their official invites from the White House this morning. Other guests may not have publicly confirmed their attendance.
What About The Crypto Council?
Meanwhile, President Trump and his administration have quietly nixed plans for his promised “crypto council,” Decrypt reported.
Trump in December announced that Bo Hines would serve as the executive director of the Presidential Council of Advisers for Digital Assets. The advisory group was intended to work alongside Sacks’ Working Group to “foster innovation and growth in the digital asset space.” The crypto council was expected to be a permanent part of the administration to allow industry leaders direct access to the White House.
However, Trump officials ditched those plans in January due to infighting among industry factions and demand for seats on the council, unnamed sources told Decrypt.
Instead, the White House will hold sporadic crypto summits like the one scheduled for Friday. The Trump administration will likely convene meetings of its internal crypto working group on a more regular basis.
Bitcoin, Crypto Price Action
Cryptocurrency prices initially fell on the reserve announcement because it meant the U.S. wouldn’t be buying additional bitcoin.
Bitcoin on Friday traded around $90,700, after diving below $85,000 initially after the reserve announcement. The cryptocurrency on Tuesday fell to a low near $82,000. The price of bitcoin soared to near $95,000 on Sunday following Trump’s social media post first announcing the strategic reserve.
The price of ethereum traded around $2,230 on Friday, still up from its Tuesday low near $2,100.
ADA is up nearly 42% over the past week, according to CoinMarketCap. The price of XRP and SOL have increased about 21% and 2%, respectively over the last seven days.
Coinbase stock has pared its gains on the week to around 2%. MSTR stock has jumped about 20% this week.
Bitcoin mining stocks have been mixed through Thursday. Mara Holdings (MARA) has advanced more than 12%, while Core Scientific (CORZ) has tumbled about 27%.
BlackRock’s iShares Bitcoin Trust (IBIT) and the rest of the spot bitcoin ETFs have surged 7.5% this week.
First white house crypto summit tokens Will look like this :
