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Today's Top Crypto Headlines:
Trump’s Crypto Summit | Solana Co-founder Opposes Reserve | Silk Road Founder in Politics? and more...
King Fatrick Gil Añasco
March 07, 2025
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Trump’s Crypto Summit: Trump will host the first White House Crypto Summit on March 7, with key industry leaders discussing U.S. crypto policy and a possible Bitcoin reserve.
Solana Co-founder Opposes Reserve: Anatoly Yakovenko rejects a national crypto reserve, fearing government intervention. He suggests state-managed reserves as an alternative.
💡Feature of the Day - Silk Road Founder in Politics?: Ross Ulbricht attended a congressional session after Trump’s pardon, fueling speculation about his political involvement.
All this and more in today’s headlines!
📰 News Highlights:
Donald Trump is set to host the first White House Crypto Summit on March 7, with key industry leaders and policymakers in attendance.
President Trump will host the first White House Crypto Summit on Friday March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there!
— David Sacks (@davidsacks47)
2:22 AM • Mar 1, 2025
The event, expected to include over 25 participants, will discuss potential U.S. crypto policies, including a rumored Bitcoin strategic reserve.
🚨SCOOP: As of this morning, the official invites for Friday’s White House Crypto Summit have yet to be sent out.
The guest list, according to two sources close to the proceedings, will be smaller than previously anticipated and feature industry bigwigs like @saylor.
The… x.com/i/web/status/1…
— Eleanor Terrett (@EleanorTerrett)
4:52 PM • Mar 4, 2025
Confirmed attendees include members of the Presidential Working Group on Digital Assets, along with executives like Ripple CEO Brad Garlinghouse.
I’ve said this before - the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President @realDonaldTrump’s vision of a govt digital asset reserve representative of the industry.
Maximalism is the enemy of the industry’s progress.… x.com/i/web/status/1…
— Brad Garlinghouse (@bgarlinghouse)
5:32 PM • Mar 2, 2025
The crypto community is calling for the inclusion of figures such as Cathie Wood, Vitalik Buterin, and Jeremy Allaire.
🚨NEW: A little more detail here — invites were sent to attendees via email this afternoon.
Per the email, the event is scheduled to go from 1:30PM - 5:30PM.
No further details in the missive beyond time and location.
— Eleanor Terrett (@EleanorTerrett)
11:58 PM • Mar 4, 2025
The summit fuels speculation on the Trump administration’s stance on cryptocurrencies, particularly Bitcoin.
🚨NEW: These are the ten industry folks I’ve confirmed are attending the White House Crypto Summit on Friday.
🔹@vladtenev, @RobinhoodApp CEO
🔹@arjunsethi, Kraken CEO
🔹@saylor, @MicroStrategy Founder and Executive Chairman
🔹@brian_armstrong, @coinbase CEO… x.com/i/web/status/1…
— Eleanor Terrett (@EleanorTerrett)
6:23 PM • Mar 5, 2025
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Solana co-founder Anatoly Yakovenko has expressed strong opposition to a national crypto reserve, arguing that government involvement could threaten decentralization.
My reserve order of preference
1. No reserve, because if you want decentralization to fail you’d put the government in charge of it.
2. Or states run their own reserve as a hedge against the fed making a mistake
3. Or if there has to be a reserve, it’s based on objectively… x.com/i/web/status/1…
— toly 🇺🇸 (@aeyakovenko)
5:21 AM • Mar 6, 2025
He stated his top preference is having no reserve at all, followed by allowing individual states to manage their own reserves as a hedge against federal mismanagement.
Yakovenko’s comments come after Trump’s announcement that XRP, Solana, Cardano, Bitcoin, and Ether would be included in the U.S. crypto strategic reserve.
What’s a solana representative? At this point it’s honestly like saying a bitcoin representative. No one asked me, and I didn’t pitch it.
— toly 🇺🇸 (@aeyakovenko)
5:25 AM • Mar 6, 2025
💡 Feature of the Day:
Ross Ulbricht, founder of Silk Road, attended a congressional session on March 4, marking his first major public appearance since being pardoned by Trump in January.
Thank you President Trump for freeing Ross Ulbricht. He’s my guest at the State of the Union. I was honored to give him a debt badge at dinner tonight! #SOTU#freeross
— Thomas Massie (@RepThomasMassie)
1:08 AM • Mar 5, 2025
Kentucky Representative Thomas Massie invited Ulbricht to witness Trump’s speech on his administration’s policies.
From a prison cell to the halls of congress. @RepThomasMassie and @WarrenDavidson got us into the State of the Union address last night.
It was an honor to meet these men who supported my campaign for freedom and to applaud @realDonaldTrump, who set me free.
— Ross Ulbricht (@RealRossU)
2:24 PM • Mar 5, 2025
Ulbricht has since been active on social media, thanking Trump and advocating clemency for "Bitcoin Jesus" Roger Ver, who faces tax evasion charges.
Roger Ver was there for me when I was down and needed help. Now Roger needs our support.
No one should spend the rest of their life in prison over taxes. Let him pay the tax (if any) and be done with it. #FreeRoger
— Ross Ulbricht (@RealRossU)
4:56 PM • Feb 20, 2025
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And that’s it for this today.
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See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com