Trump Administration to Unveil Bitcoin Reserve Strategy at White House Crypto Summit

The Trump administration is set to announce a Bitcoin reserve strategy at the upcoming White House Crypto Summit, according to Commerce Secretary Howard Lutnick. In an interview, Lutnick confirmed that the plan would grant special status to Bitcoin under the initiative.

A Bitcoin strategic reserve has been a topic of discussion during Trump’s campaign trail, and its execution is expected to be announced on Friday. The White House Crypto Summit, chaired by venture capitalist David Sacks and Congressman Bo Hines, marks a significant moment in Trump’s efforts to position the U.S. as a leader in digital finance.

Key Attendees and Agenda

The summit will feature a smaller-than-expected guest list, including industry leaders like Michael Saylor, Coinbase CEO Brian Armstrong, and Robinhood co-founder Vlad Tenev. Government officials from the Presidential Working Group on Digital Assets will also be in attendance. A larger reception is planned nearby for those not invited to the roundtable.

The administration’s approach follows the framework outlined in Executive Order 14178, which aims to foster growth in the crypto industry while distinguishing Bitcoin as a strategic asset.

Trump’s Support for Digital Assets

Trump recently emphasized his support for digital assets on Truth Social, stating that a “U.S. Crypto Reserve” would strengthen the industry after what he called “corrupt attacks” by the Biden administration.

Trump also mentioned that the reserve could include other major cryptocurrencies like XRP, Solana, and Cardano, alongside Bitcoin and Ethereum.

“So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently — positively, but differently.”

Regulatory Plans and Global Impact

The summit is expected to provide further clarity on the administration’s regulatory plans, which could influence the global digital asset landscape. Friday’s announcement may mark a turning point for the industry, reinforcing the U.S. government’s evolving stance on crypto.

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