Coinbase, Chainlink and Other Companies Participate in Trump’s Crypto Summit

US President Donald Trump is inviting people to his first crypto summit in the White House. Representatives of well-known crypto companies such as Coinbase, Chainlink and Exodus are expected. But what is on the agenda?

Crypto industry visits the White House for Trump’s first crypto summit

Next Friday, the first crypto summit will take place in the White House under the leadership of US President Donald Trump. Confirmed participants include Coinbase CEO Brian Armstrong, Chainlink Labs co-founder Sergey Nazarov, Exodus CEO JP Richardson and Michael Saylor, Chairman of Strategy. Robinhood CEO Vlad Tenev also hinted at his participation with a telling social media post.

In addition, Trump himself, his crypto and AI advisor David Sacks and Bo Hines, the executive director of the President’s Working Group on Digital Assets, will represent the government. It is still unclear how many other crypto managers will accept the invitation and which specific topics will be discussed.

SEC drops case against Coinbase and Robinhood

The invitation to high-ranking crypto CEOs comes at an explosive time: The US Securities and Exchange Commission (SEC) recently dropped its proceedings against Coinbase and Robinhood. What is explosive is that both companies had recently donated seven-figure sums to Trump’s inauguration committee. Coinbase transferred one million US dollars, Robinhood even two million.

Ripple and Circle, which have also donated large sums to the committee, are also expected to be represented at the summit. A Ripple spokesperson referred reporters to the White House, while Circle did not respond to inquiries.

Political and economic implications of Trump’s summit

The crypto industry currently faces an unclear regulatory future. After years of strict market oversight by the SEC, Trump’s administration may take a more crypto-friendly line. The summit could set the tone for future US crypto policy, especially with regard to tax relief and regulatory adjustments.

Trump has expressed skepticism about cryptocurrencies in the past, but the growing importance of digital assets to the US economy seems to be influencing his stance. Whether this summit will be a first step towards closer cooperation between politicians and the crypto industry remains to be seen.

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(Featured image by  geralt via Pixabay)

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