1 month ago
US President Donald Trump is reportedly preparing to unveil the Bitcoin Reserve Strategy astatine the upcoming White House Crypto Summit connected March 7, according to The Pavlovic Report.
According to the report, Commerce Secretary Howard Lutnick confirmed that President Trump volition outline his imaginativeness for the crypto manufacture during the event. His code volition see a strategy for a Bitcoin reserve alongside broader regulatory plans for integer assets.
Lutnick noted that portion the President supports the instauration of a Bitcoin Strategic Reserve, discussions connected the regulatory attack for altcoins are ongoing.
Lutnick said:
“A Bitcoin strategical reserve is thing the President’s funny in. He spoke astir it each during the run trail, and I deliberation you’re going to spot it executed connected Friday.”
Meanwhile, Lutnick besides confirmed that Bitcoin volition person peculiar designation nether Trump’s plan, portion different cryptocurrencies volition beryllium handled otherwise nether the caller policy.
According to Lutnick:
“So Bitcoin is 1 thing, and past the different currencies, the different crypto tokens, I think, volition beryllium treated differently—positively, but differently.”
This clarification is necessary, considering Trump’s caller societal media station hinted that the crypto reserve program mightiness see aggregate assets specified arsenic Ethereum, Solana, Cardano, and XRP.
Key attendees
The White House Crypto Summit volition bring unneurotic salient manufacture figures to sermon regulatory clarity, fiscal innovation, and economical maturation opportunities.
Strategy president Michael Saylor confirmed connected X that helium has been invited to the event, which volition beryllium hosted by the President. Strategy is the largest nationalist holder of Bitcoin successful the world, with nearly 500,000 BTC.
Bitcoin Magazine CEO David Bailey and executives from starring US crypto trading platforms, including Coinbase’s Brian Armstrong, Kraken’s Arjun Sethi, and Robinhood’s Vlad Tenev, volition besides attend.
Fox Business newsman Eleanor Terrett noted that respective high-profile manufacture players, including Chainlink co-founder Sergey Nazarov, person besides confirmed their participation.
Additionally, task capitalists, specified arsenic Paradigm co-founder Matt Huang and Multicoin Capital managing spouse Kyle Samani, volition besides beryllium present.
Huang emphasized the value of US enactment successful crypto innovation, stating:
“I look guardant to discussing however America tin instrumentality a enactment relation successful promoting the principles of unfastened crypto and enabling builders successful ecosystems specified arsenic Bitcoin, Ethereum and Solana.”
The station Donald Trump to reportedly unveil Bitcoin reserve strategy astatine White House crypto summit appeared archetypal connected CryptoSlate.
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