President Donald Trump is set to unveil the bitcoin reserve strategy at the White House Crypto Summit
Commerce Secretary Howard Lootnik Plan confirmed Today in an interview with Pavlovich, stating that Bitcoin will get a special position under Trump’s initiative.
“A bitcoin strategic reserve is interested in some President. He talked about it during the campaign mark, and I think you are going to see it executed on Friday,” Lutnik said.
The summit headed by Venture Capitalist David Sachs and Congress Bo Hines is an important moment in Trump’s efforts in the US position as a leader in Tram’s Digital Finance.
As ReportsThe White House Crypto Summit will have a small-to-the-to-approved guest list, including Michael Sayler, CEO Brian Armstrong, CEO of Coinbase, Robinhood co-founder Vlad Tenv, other of Crypto Space, and leaders of the government officials of the President’s work group will be included for the industrial work group, which are employed for a large recurrence.
Administration’s approach is as follows Executive Order 14178Which outlines a framework to promote development in the crypto industry, separating bitcoins as a strategic property.
US Crypto Reserve
Trump recently emphasized his support for digital assets on Truth Social, stating that the “US Crypto Reserve” will strengthen the industry he called “Corrupt attack” by Biden administration.
He also mentioned that the reserve may include other major cryptocurrencies such as Bitcoin (BTC) and Etharium (Ath) as well as XRP (XRP), Solan (SOL), and Cardano (ADA).
“So bitcoin is one thing, and then other currencies, other crypto tokens, I think, will be treated differently – positively, but differently,” Lutnik said.
The summit is expected to provide further clarity on the regulatory plans of the administration, which may affect the global digital asset landscape.
Friday’s declaration can mark a significant turn for the industry, which can strengthen the US government’s development stance on Crypto.
