Altcoin
Here’s All To Know About The White House Crypto Summit
25 key players have been invited to the White House Crypto Summit but their identities are under wraps. The high-profile event is expected to set off a chain reaction for positive crypto regulation by the Trump-led government. Here’s all there is to know about the first-of-its-kind event by the US executive.
White House Crypto Summit Will Have Industry Behemoths In Attendance
An official disclosure from the White House for a crypto summit has sent the industry buzzing with excitement. Per the announcement, US President Donald Trump will deliver key remarks at the event scheduled for March 7.
Led by crypto czar David Sacks, the report confirms that the White House Crypto Summit will be administered by Bo Hines, executive director of The Presidential Council of Advisers on Digital Assets.
Insiders claim that the summit will feature 25 individuals from the cryptoverse, including exchange founders and thought leaders. Exact names are shrouded in mystery but sources say an official list will be published in the coming days.
The event is coming on the heels of a wave of SEC case dismissals against prominent crypto sector players, signaling a new dawn for the industry
“Attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President’s Working Group On Digital Assets,” read the White House statement.
The Summit Will Explore Digital Asset Regulation Issues
The event will broach several issues but sources say regulation will be at the top of the pile. Crypto czar David Sacks and Bo Hines have been blowing hot on a raft of new forward-thinking regulations for stablecoins and other digital assets.
In particular, the summit will feature conversations around cross-agency crypto regulations while interfacing with the private sector. There is speculation that the White House Crypto Summit may replace the previously touted Crypto Advisory Council.
Several pundits say a Bitcoin Strategic Reserve for the US will feature prominently in the White House Crypto Summit discussions.
The summit will be the first in a long streak of conversations between the White House and the private sector. Experts say the summit’s composition will change each edition as the White House seeks diverse opinions for new regulations.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
President Donald Trump’s move to add XRP to the US crypto reserve has fueled hopes for a swift resolution to the Ripple vs SEC case. However, legal expert Jeremy Hogan remains skeptical, believing the XRP lawsuit could still take until May to conclude.
Notably, Hogan has been vocal about the possible delays in XRP lawsuit, dismissing speculations of an imminent settlement. Let’s break down Jeremy Hogan’s recent statement and how Donald Trump’s decision could impact the Ripple vs SEC lawsuit.
How Will Donald Trump’s XRP Reserve Plan Influence the Lawsuit?
As Donald Trump has decided to include XRP to the US national reserve along with Bitcoin, Solana, and Cardano, the community is abuzz with enthusiasm. This has indeed fueled excitement over the imminent resolution of the long-anticipated XRP lawsuit. Despite growing optimism for an early dismissal, attorney Jeremy Hogan remains steadfast in his prediction that the Ripple vs SEC case will likely extend into May before reaching a conclusion.
Significantly, Jeremy Hogan shared his latest prediction via his X post. He stated that he expects the appeals to be dismissed by mid-April, with the entire case wrapping up by May. Meanwhile, an XRP community member asked the lawyer if XRP’s inclusion in the US crypto reserve could expedite the settlement. He responded skeptically, saying “I don’t think so…” However, he acknowledged the inherent uncertainty in estimating timelines, implying that his prediction is subject to change.
Is XRP Lawsuit Settlement Poised for Further Extension?
Hopes for a quick XRP lawsuit resolution continue to build. Nonetheless, experts like Jeremy Hogan and MetaLawMan have repeatedly cautioned that the case may face additional delays. Both of them pinpointed the complexities surrounding the Ripple lawsuit which could possibly lead to the case’s further extension.
According to Hogan’s recent comments, the delay is primarily linked to the injunction imposed by Judge Analisa Torres. This injunction restricts Ripple from selling securities to the public, effectively limiting its ability to pursue a future Initial Public Offering (IPO). Hogan says Ripple Labs is trying to get the injunction lifted, which is holding up the case’s resolution.
XRP Price Skyrockets Fueled by Trump’s Reserve Plans
In an interesting development, Donald Trump has revealed his plans to establish a crypto reserve in the country, including Bitcoin, XRP, Solana, and Cardano. Though the development reportedly has no significant impact on the XRP lawsuit, it has had a massive influence on the overall crypto market. The market exhibited a significant resurgence with the market cap surging to $3 trillion, up by more than 5%.
Aligning with the broader trend, XRP price saw a remarkable uptick of 14.12% over the last 24 hours. Currently trading at $2.57, XRP has surged by 4.37% over the last week despite a monthly decline of 14%. Investor sentiment has also risen following the Trump decision which is indicated by the staggering 514% hike in the 24-hour trading volume, currently at $20.44 billion.
Despite the token’s notable performance, the XRP lawsuit’s imminent dismissal hangs in balance. It needs to be seen if the case will end by May or even extend further.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Following President Donald Trump’s recent announcement about establishing a national crypto reserve, investor attention has shifted toward altcoins made in the USA.
The US crypto reserve currently includes altcoins such as Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA). However, experts anticipate the addition of more altcoins, including Chainlink (LINK), Ondo (ONDO), and Litecoin (LTC).
Why Experts Consider Chainlink (LINK), Ondo (ONDO), and Litecoin (LTC) Strong Contenders
Chainlink (LINK) emerges as a strong candidate due to its inclusion in the Coinbase 50 Index, its presence in Grayscale’s trust, and its association with World Liberty Finance – an entity operated by Trump’s family.
Quinten, founder of weRate, believes LINK’s technology could help bring US strategic assets on-chain.
“LINK will be in the Crypto Strategic Reserve. Chainlink will facilitate a lot of this stuff, from the proof of reserves to putting other strategic assets on-chain (gold, currencies, …),” Quinten predicted.
Ondo (ONDO) is another likely contender, as World Liberty Financial holds Ondo tokens, and Donald Trump Jr., a co-founder of WLFI, has spoken at Ondo events.
“Trump confirmed a crypto strategic reserve, and his own crypto company, World Liberty Financial, holds Ondo. AND Donald Trump Jr. and other WLFI founders spoke at the Ondo Summit. Ondo is also a US based crypto. To me, it’s confirmed that either Ondo will be included or Trump will tap Ondo to tokenize the entire stock market,” Investor Not Telling predicted.
Ondo CEO Nathan Allman responded to Trump’s announcement by reaffirming that Ondo is a US-based blockchain company pioneering the tokenization of US Treasuries. The company plans to expand into stocks, bonds, and ETFs.
Additionally, content creator JRNY Crypto speculated that the reserve could include Litecoin (LTC), highlighting that LTC is a strong candidate for a spot ETF. Bloomberg analysts estimate a 90% approval probability for the ETF.
“All coins mentioned in the reserve are USA COINS. They also said BTC, ETH, and other coins. IMO, LTC will be added to the reserve and get an ETF,” JRNY Crypto predicted.
Market Surge in “Made in America” Tokens
Following Trump’s announcement, the market capitalization of “Made in USA Coins” surged by 12%, reaching nearly $500 billion, according to CoinMarketCap data. This figure is 16 times the market cap of “Made in China Coins,” signaling a strong investor preference for US-originated crypto projects.
In addition, this altcoin group’s trading volume spiked by 300% in the past 24 hours, surpassing $82 billion, with XRP leading the volume.
Despite the excitement, the US crypto reserve plan has sparked controversy. Many industry leaders have voiced opposition to the inclusion of altcoins, arguing that only Bitcoin is suitable for national reserves.
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A Pepe Coin whale ignited a tidal wave of speculation on Monday by dumping a staggering 262 billion tokens despite an ongoing uptrend. On-chain data suggests that this whale thereby redirected its investments into another token, ONDO. In response, market participants are now speculating over relatively lesser returns via the frog-themed meme token, whilst the DAO crypto remains bullish.
Pepe Coin Whale Offloads 262B PEPE Incurring Loss
According to an X post by Lookonchain on March 3, a Pepe Coin whale sold 261.8 billion tokens worth $2.12 million, marking an alarming loss of $7.05 million. Notably, data signals that the accumulation was made for $9.18 million.
The alarming loss has raised severe investor concerns about meme crypto market volatility. Prior to today’s pump, PEPE, alongside other tokens, witnessed a bloodbath due to macroeconomic developments and liquidity hurdles.
Nevertheless, crypto prices recovered, with PEPE also gaining nearly 10% intraday. The whale’s decision to sell amid this upswing may be to mitigate further losses.
Another Selloff Recorded
Subsequently, data indicated the Pepe Coin whale also sold 531.7 billion BEAM for $4.1 million. This trade maneuver further marked an alarming loss of $7.01 million. Altogether, the whale appears to have used the funds with these selloffs to buy ONDO.
ONDO Accumulation Sparks Buzz Amid 10% Gains
Per the data, this whale thereby moved on to buy 5.25 million ONDO tokens with 6.26 million DAI. Meanwhile, the DAO crypto’s price was up nearly 10% today, closing in at $1.12.
This upswing primarily falls in line with a broader crypto market surge. Bitcoin price briefly re-entered a $95K price level in the past 24 hours. Altcoins also followed a pumping action, mirroring optimism amid broader trends.
Notably, U.S. President Donald Trump recently announced plans to forge ahead with a strategic crypto reserve for Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). This news appears to have fueled a positive investor sentiment globally.
How Is PEPE Price Performing?
Despite the massive whale selloff, Pepe Coin price visited the crypto market party, surging 7% to $0.000008282. Its intraday low and high were $0.000007569 and $0.000008932, respectively.
Notably, market analyst ‘Crypto-Zeus’ further took X amid the rising action, stating, ‘Good time to be a PEPE holder.’ This optimism is primarily attributed to Trump’s green signal into the crypto market, as mentioned above. Crypto market participants continue to eye both the tokens for further price action shifts.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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