Michael Saylor is Going to Trump’s Crypto Summit
Michael Saylor announced that he will attend Trump’s White House crypto summit on March 7. In addition to Saylor, three other cryptocurrency leaders have publicly announced their participation. This includes Matt Huang of Paradigm, David Bailey of Bitcoin Magazine and JP Richardson, CEO of Exodus.
Ripple CEO Brad Garlinghouse mentioned at the end of the week that he seems likely to be a participant. However, there was also an invitation-only reception after the summit, so he was not confirmed either.
Who is the White House crypto summit?
President Trump is Plan to launch an encryption summit March 7 in the White House, this may be US Crypto Policy. Community Already guessed About its agenda, such as reducing crypto taxes or federal token acquisitions.
However, one question remains very open: Who will be there?
“Based on two sources close to the litigation process, the guest list will be smaller than previously expected. Fox reporter Eleanor Terrett claim.
This larger reception is particularly complex. For example, Ripple CEO Brad Garlinghouse Claiming Social media He will be in Washington, D.C. this week.
However, he may or may not attend the major crypto summit. ripple Donate a lot to Trump and Praise his crypto policybut this does not guarantee that he will be invited.
Indeed, some members of the Trump administration will be present. So far, Microstrategy’s (now strategy) Michael Saylor and three other crypto leaders have Confirmed Their participation.
However, there is an important clue that can determine the broader crypto summit. Recently, Trump Announced U.S. crypto reserves This will include several US-based crypto goods.
“I will attend the White House Digital Assets Summit on Friday. Thanks to President Trump for his invitation. I look forward to discussing how the United States can lead in promoting the principles of open crypto and empowering builders in ecosystems such as Bitcoin, Ethereum and Solana” Write Matt Huang, co-founder of the crypto-investment company paradigm.
Encrypted protected areas may be on the agenda
After Trump announced the crypto summit, Several U.S.-based cryptocurrencies Price growth. This has affected major assets such as Trump’s reserve recommendations and several smaller assets, such as Cardano and XRP.
If Garlinghouse is confirmed to be on the way, Cardano CEO Charles Hoskinson also seems to be a possible option.
Ultimately, however, the crypto summit may face the same problem that has bothered most of Trump’s crypto agenda. U.S. cryptocurrency surged after the announcement of reserves, but They fell shortly after.
Trump has no right to buy these assets without Congress, and its support seems unlikely. His own party opposed these purchasesnot to mention the Democratic Party.
In short, there are many factors to consider. Crypto Summit to be held on the same day as the next job of the Bureau of Labor Statistics Reportwhich may affect the market.
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