After hosting its first crypto summit last Friday, the Trump administration confirmed it would not organize such large-scale events. Instead, the White House will focus on smaller, more professional meetings to discuss specific issues within the cryptocurrency industry.
White House Crypto Summit: Landmark Events with Famous Statements
The first White House crypto conference under President Donald Trump will be held on Friday to bring top industry leaders together. The event replaced an earlier plan to establish a permanent “crypto committee” that was abandoned due to internal conflicts within the industry.
An anonymous source said the decision to abandon the Council’s “excellent strategic move” to prevent a power struggle in the White House. Kristin Smith, CEO of the Blockchain Association, agreed, noting that “a fixed council can create a sense of exclusivity that leaves some stakeholders behind from the start.”
Discussions at the summit will cover pressing questions such as whether foreign Stablecoin issuers like Tether should receive U.S. fiscal bonds, and whether the federal government should include tokens other than Bitcoin in its crypto reserves. These disputes prompted the Trump administration to choose to regularly encrypt summits rather than a standing council, which could exacerbate industry disputes.
Source: Investopedia
Key attendees
David Sacks, Trump’s “AI and Crypto Tsar”, will lead the summit. Confirmed attendees include:
- Michael Sailer (Strategy)
- Kyle Samaritan (Multicoin Capital)
- Matt Yellow (Parameter)
- Vlad Teneff (Robinhood)
- Brian Armstrong (Coinbase)
- Arjun Sethi (Kraken)
- Kris Marszalek (crypto.com)
On the government side, Secretary of State Scott Bessent and acting leaders of the SEC and CFTC may also be involved.
The White House turns to smaller, more focused meetings
Although the first summit successfully linked industry leaders to government officials, Bo Hines, executive director of the Digital Assets Presidential Working Group, confirmed that no similar large-scale events were planned. Instead, the White House will hold smaller, issue-specific meetings.
“We want a more effective process to gather the most valuable insights to achieve good decision-making,” Hines explained, adding that the upcoming meeting will focus on key legislative themes under Congressional review, especially Stablecoin regulations and cryptocurrency market structures.
Key discussion topics
Hines outlines several key areas of future conferences:
- Stablecoin regulations: The government is exploring ways to regulate Stablecoin without stifling industry growth.
- Centralized Exchange (CEXS): Upcoming policies may affect platforms such as Coinbase, Binance US and Kraken.
- Crypto mining and energy consumption: Legislators will examine mining policies and their environmental impacts.
- Investment and Financial Regulations: The White House aims to promote a safe investment environment while ensuring investor protection.
The White House Still Interacts with Cryptocurrencies
Despite excluding more massive summits, the Trump administration is still actively interacting with the cryptocurrency sector. Following last week’s meeting, the Digital Assets Working Group will continue to work with Congress to develop policies that support industry growth while maintaining traditional financial stability.
Instead of focusing on symbolic events, the government took a more practical approach. Smaller, targeted meetings will allow policy makers to gain insight into key issues, allowing smarter decisions to benefit the cryptocurrency industry and the U.S. economy.
While the Trump-led White House remains interested in cryptocurrencies, it is turning to professional discussions rather than large gatherings. This strategic shift will help develop clear policies to promote industry innovation while mitigating financial risks. In the coming months, the cryptocurrency community should closely monitor the development of digital assets and the Congressional Presidential Working Group.
Summary
The Trump administration remains in touch with cryptocurrencies but will focus on smaller, specific issuance meetings. This approach is designed to support innovation while ensuring financial stability. The industry should be aware of upcoming policy changes.
Read more: How the White House will handle the cryptocurrency market this week
