Ripple Unlocks 500M XRP and Relocks 400M, What’s Going On?

The summit drew some criticism from crypto commentators after the initial confirmed attendee list featured only men, despite claims that “prominent founders, CEOs, and investors” were invited. However, several women, including SEC Commissioner Peirce and former Georgia Senator Kelly Loeffler, were later spotted at the event. Additionally, Trump’s social media company Truth Social is reportedly in advanced talks to acquire Bakkt, the crypto platform Loeffler once led. At the summit, Trump also addressed debanking, criticizing the Biden administration for forcing banks to close accounts for crypto businesses, and called for an end to “Operation Choke Point 2.0.” He argued that such measures have weaponized the government against the entire crypto industry.

President Donald Trump has made a series of bold commitments, vowing to end Operation Chokepoint 2.0, to sign stablecoin legislation by August, and to reinforce his administration’s commitment to digital assets by creating a Bitcoin stockpile through a recent executive order. These moves underline his administration’s intention to reshape financial regulation and support the burgeoning crypto economy.

President Trump has stated that he expects Congress to deliver digital asset legislation to his desk before the August recess. Attendees in the room included @GOPMajorityWhip and @RepBryanSteil. Originally, @SenatorTimScott set a goal for the legislation to reach Trump within the first 100 days of his presidency, which would have been next month. Now, Congress has effectively received a four-month extension on that timeline.

At the White House Digital Assets Summit, President Trump, joined by crypto moguls Tyler and Cameron Winklevoss, boldly declared, “The US won the internet and the US should win Crypto as well.” He urged America to secure its digital future and prioritize national leadership in the crypto space, setting the stage for a renewed focus on American innovation and dominance in the evolving digital asset landscape.

President Trump declared, “America will follow the rule that every Bitcoiner knows: Never sell your Bitcoin.” During his remarks at the White House Crypto Summit, he emphasized that holding Bitcoin is a strategic move, reinforcing its value as a scarce digital asset. Trump criticized previous policies for weakening the nation’s crypto portfolio and vowed to audit all federal crypto holdings, aiming to build a robust reserve that aligns with the long-term ‘hold’ philosophy of the crypto community.

FIFA has announced plans to launch its own token at the Crypto Summit. The new token is expected to boost mainstream adoption—much like the fan tokens already seen with clubs such as PSG and Barcelona—and could lead to higher trading volumes and increased price volatility as fans engage more deeply. The token may offer voting rights and exclusive rewards, reshaping fan dynamics, while also attracting institutional interest and strategic partnerships. This move positions FIFA as a leader in the emerging sports-crypto arena.

At the White House Crypto Summit, President Trump outlined a bold vision for America’s future as a global crypto hub. He stated that the U.S. would be transformed into the crypto capital, emphasizing that the nation already holds around 200,000 BTC—while criticizing the Biden administration for having sold a large portion of its Bitcoin holdings. Trump also vowed to audit all crypto assets on the U.S. balance sheet, arguing that past policies stifled industry growth and limited bank engagement in crypto.

Bitcoiners with close ties to Washington are hinting at major announcements from the upcoming White House Crypto Summit. Insiders suggest that regulatory updates, including the possibility of 0% capital gains tax for digital assets, are still on the table. These hints are fueling anticipation that the summit could deliver significant policy shifts, potentially easing tax burdens and further legitimizing the crypto industry in the U.S.

Brad Garlinghouse, Ripple’s CEO, has a track record of engaging with U.S. government officials—including a White House meeting in 2020. His appearance at the White House could emphasize Ripple’s significant role in shaping crypto regulation and signal XRP’s possible inclusion in the U.S. Crypto Strategic Reserve. This comes amid ongoing SEC legal battles, positioning Ripple as a key player in the evolving U.S. digital asset landscape.

Chairman Frenchhill of the U.S. House Committee is urging the Trump administration to collaborate with Congress on securing financing for the Strategic Bitcoin Reserve. He emphasized that a joint effort is essential to establish a transparent funding mechanism that will safeguard and maximize the value of the government’s seized Bitcoin holdings. Frenchhill stressed the importance of aligning legislative and executive initiatives to ensure the long-term success of this strategic asset reserve.

At the White House Digital Assets Summit, CEO Jono Steinberg of WisdomTree Funds stated his goal is to represent the convergence of traditional finance and decentralized finance. He emphasized that the rapidly expanding digital assets industry holds immense future potential and that his firm aims to drive innovative, practical solutions that benefit both emerging and established financial markets. Steinberg also underscored WisdomTree’s commitment to “responsible DeFi,” balancing innovation with sound regulatory and compliance measures.

Eleanor Terrett confirmed that the first-ever White House Crypto Summit is less than an hour away, and she has personally verified the attendance of several key industry leaders at the roundtable. The confirmed participants include:

This diverse lineup highlights the summit’s significance as a major meeting point for industry influencers and policymakers.

Saylor stated, “History will enshrine the moment Donald Trump established the U.S. Strategic Bitcoin Reserve—a turning point in the financial and geopolitical landscape of the 21st century.” He emphasized that by holding onto Bitcoin as a long-term reserve asset, the government recognizes its scarcity and intrinsic value. Saylor believes this historic decision will redefine national asset management and solidify Bitcoin’s role

Wyoming Senator @SenLummis announced that she will not be attending the White House Crypto Summit because of illness. This update comes as the event draws near, with many industry leaders and policymakers gathering to discuss the future of digital assets.

Crypto Czar David Sacks stated, “Bitcoin is scarce, it’s valuable, and that is strategic for the United States to hold on to this as a long-term reserve asset.” His comments underscore the belief that Bitcoin’s limited supply and intrinsic value make it an ideal candidate for a long-term reserve, aligning with broader strategies to secure financial stability in an evolving digital economy.

David Sacks explained that when Trump mentioned XRP, Solana, and Cardano in his crypto reserve statement, he was simply referring to the top five cryptocurrencies by market cap, with no deeper meaning. Sacks also noted that the government might explore lending or staking its crypto holdings. The Treasury Department would handle any rebalancing, sales, or other asset management strategies based on long-term interests.

According to @PunchbowlNews and @BrendanPedersen, the White House is not anticipating any new announcements on tax policy at today’s crypto summit. The focus is expected to remain on broader digital asset discussions, leaving tax policy for future deliberations.

On March 7, 2025, the White House will host Crypto Summit, uniting government officials, regulators, and top crypto industry leaders. This event marks the highest-level political support for cryptocurrency regulation and innovation in the United States. The summit will focus on shaping future digital asset policies and fostering blockchain innovation, signaling a major step toward integrating crypto into the mainstream financial system.