Trump to Host First White House Cryptocurrency Summit on Friday

Executives from a wide array of crypto companies, including Coinbase, Chainlink and Exodus, will represent the industry

Executives from Coinbase (NASDAQ:COIN) and Chainlink (CRYPTO:LINK) Labs will be among those in attendance at U.S. President Donald Trump's first White House crypto summit on Friday, multiple sources told CoinDesk.

Coinbase CEO Brian Armstrong, Chainlink Labs co-founder Sergey Nazarov, Exodus CEO J.P. Richardson and Strategy Chairman Michael Saylor will all be attending the event, which will also feature "big donors," according to two people who asked not to be named.

Both firms made seven-figure donations to President Donald Trump’s inaugural committee — Coinbase contributed $1 million, and Robinhood contributed $2 million. Other crypto firms that are thought to be represented at the crypto summit, including Ripple (CRYPTO:XRP) and Circle, also made large donations.

A Ripple spokesperson referred CoinDesk to the White House when asked if any Ripple executive would attend the Friday summit. Representatives for Circle did not return a request for comment.

Meanwhile, Robinhood (NASDAQ:HOOD) CEO Vlad Tenev posted a screen capture from the movie National Treasure and captioned it "see you soon, DC."

Trump himself—who said he would host the summit—David Sacks—Trump's crypto and AI czar—and Bo Hines, the executive director of the President's Working Group on Digital Assets, will be representing the White House.

It's unclear just how many crypto executives will attend or what the event's agenda may include.

The U.S. Securities and Exchange Commission (SEC) recently closed a long-running probe into Robinhood Crypto and dropped its enforcement suit against Coinbase.