Folks, if you’re into cryptocurrency like I am, you’re about to witness history. You might be wondering what cryptocurrency has to do with history. Well, for the first time ever, there will be a crypto summit at the White House which will be on March 7th, 2025.
This is EXTREMELY important because what is done and talked about here will likely shape the future of cryptocurrency in the United States and hopefully for the better. I’m going to talk about what will likely be discussed at this summit and who is going to be there.
The Big Players At The Summit
It has been confirmed that representatives from Solana, Coinbase, XRP (Ripple), Ondo, and a few others will be in attendance at the White House to meet with President Donald Trump. What is suprising though is who may not be in attendance and that is the co-founder of Cardano. I found this to be odd considering that President Trump did mention that Cardano would be a part of the US Crypto Strategic Reserve.
Some others that have been confirmed to be there are representatives from Robinhood, Crypto.com, MicroStrategy (who purchases LOTS of Bitcoin), and even Exodus (has to do with crypto wallets). As you can see, that’s already an impressive list of crypto/crypto related firms that are going to be there.
I personally think that a lot of these CEOs and representatives of all these crypto companies are going to give some input on where the US should go when it comes to cryptocurrency and how the crypto industry should flourish. They definitely want the US to become number one in the world when it comes to cryptocurrency and since the US has generally been last in the world to get any kind of regulation put in place to help the crypto industry, they are certainly going to want to fast track any regulation that might come forth from this summit.
What are some other things that will be talked about at the summitt? Well I’m going to take a look at some of the possible topics discussed at the White House. One thing is for sure, this summit is either going to have a negative impact on the crypto market or a hugely positive one. Personally, I’m hoping on the latter as the crypto markets needs something that will cause a massive bull run. It’s hard to say how the markets will react to what will come out of the summit so just stay tuned.
Possible Topics
One of the biggest things that I have no doubt will be talked about at this summit is the possible US Crypto Asset Reserve. President Trump has already mentioned that Bitcoin, Ethereum, XRP, Solana, and Cardano will be a part of it. This has made some people upset as it was originally discussed that Bitcoin may be the only part of a reserve. President Donald Trump though recently mentioned that specific other cryptos would be a part of any reserve.
This has caused a bit of a rift between two crypto communities which are Bitcoin and XRP. In my opinion, I think it’s a great idea that other crypto’s are going to be a part of this reserve. I certainly think that Bitcoin should be the first one to be put into one, but the others should too and there’s no need for fighting against other crypto communities. This should be a time of being united since the US is dealing with the first pro President and administration in history and everyone should be applauding that.
It has been hinted that while there will be multiple cryptos as part of the strategic reserve, Bitcoin will likely get a special status and priorty in this reserve which makes sense. It is the most valuable of all the cryptos at this point in time and while it is no longer valued at $100,000, it is not super far away hovering in the $90,000 range. It is not known at this time just how much Bitcoin will be a part of the reserve, but my guess is that it would be enough to be in the billions of dollars.
Next up after talk of a crypto reserve will undoubtedly be crypto regulation. I’m sure it will be asked of the CEOs and representatives what they would like to see in crypto regulation. My guess is that it would be something that is clear cut, easy to understand and maybe what kind of penalties would be available if there were any kind of violations of these regulations. Then they would probably discuss which agencey, if any, would be the ones to enforce possible crypto regulations. We know the SEC VIGOURSLY tried to enforce the crypto industry without clear cut regulation and we see how well that turned out.
While Gary Gensler has resigned and the SEC has finally ended its reign of terror against multiple crypto firms by either pausing or withdrawing from multiple lawsuits it issued, it remains to be seen if they will be the main agency to regulate the crypto industry. There hasn’t been a new chair installed yet, but it will more than likely be Paul Atkins in the coming months and he is extremely pro crypto. I think once he comes in, any remaining litigation in the crypto realm will probably cease. There are just a tiny few left, but there’s a big one that still remains and I will talk about that next,
The Elephant in the Room: XRP/Ripple
There’s a lot of excitement surrounding XRP especially since it has been mentioned that it will officially be part of an American crypto reserve. There’s been so much momentum and heavy interest moving towards XRP and its parent company Ripple, that its hard not to see why so many companies, institutions, governments, and more are interested in what it offers which is the seamless transfer of money anywhere in the world in mere seconds.
The price of XRP, while generally remaining stagnat the last 4 years, has finally popped to over $2.00 during the last 4 to 6 months. It even went over $3.00 at one point before retreating under that level. There’s been a lot of speculation that it could reach $5.00 or higher soon especially with the approval of the multiple ETF applications submitted to the SEC by large institutional firms.
While this is ultimately good news for XRP, there’s still one thing ultimately holding it back from reaching its true potential and once that last hurdle is finally removed, it will be very interesting to see where XRP goes. What is it that I’m talking about? The SEC’s lawsuit against Ripple. This lawsuit has been ongoing for a little over 4 years now and even though Ripple received a partial victory, the SEC continued its relentless crusade against the company by issuing an appeal, prolonging the lawsuit even more. This is all the work of the previous chair, Gary Gensler and his terrible legacy.
Everyone is eagerly awaiting the official end of this terrible lawsuit as it has been holding back the massive potential of Ripple and its XRP. If it is announced during this crypto summit that the SEC has ended its lawsuit and appeal against Ripple, I think the price is going to have a temporary explosion where it could reach its previous all time high of slightly over $3.80 EASILY. I really do think the floodgates would open and people, institutions, businesses and more would jump on the chance to get back into XRP. We’ll have to wait and see if it is announced that the lawsuit is finally over or if we’ll have to wait for another day until that is officially announced.
How Will The Crypto Market React?
It will be interesting to see how the market reacts to what comes out from this crypto summit. The market doesn’t always react well to positive news and even worse when something negative comes out. While there has been a lot of positive news in the last few weeks regarding cryptocurrency, the market has not reflected to a lot of that news and that’s because a lot of people do not like the idea of tariffs being enacted by the President as it is worried that it will affect prices of goods in the immediate short time. People don’t like uncertainty and there is a lot of uncertainty right now with the US Economy and where it could be headed with these tarrifs enacted.
I think though that with enough good news and a way to move forward with the crypto industry in the United States, this crypto summit will turn the crypto market into a bullish pattern for a little bit at least. Hopefully this will be a bullish weekend after the summit is over as it will give investors and enthusiasts hope.
One thing is for certain is that the US is rapidly changing its tune when it comes to cryptocurrency and trying to find a way to move forward with it in a hurry. I believe this will lead to many positive things here on out and once the final pieces of the SEC’s lawsuits are moved out of the way, I believe the crypto market will head into a bull run the likes of which people have never seen before.
Now while I’m not a financial advisor, I believe now is a great time to get into crypto. We are on the cusp of great things coming and a lot of the cryptos that have great promise, are still at a fairly low price. IMO, if you haven’t gotten into XRP right now, it is still a good time to do so. I had gotten into XRP when it got clear down to the 20 cent range and bought a big chunk of it just before it went above $1.00 a few months ago. Hovering around the $2.50 range is still a good time to get into it now because many years ago, Bitcoin was at one time that price and look at it now. XRP has the some of the best real world utility of any crypto out there and what it looks to do with cross border payments will propel it even further. Let us now see what will come from this crypto summit. It should be very interesting.