Highlights
- President Trump is expected to unveil a strategic Bitcoin reserve during the White House Crypto Summit, as reported by the US Commerce Secretary.
- This event aims to advance the administration’s initiatives for making the US a frontrunner in the realm of digital finance.
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President Donald Trump is expected to announce a strategic Bitcoin reserve plan at the upcoming White House Crypto Summit occurring this Friday, according to Commerce Secretary Howard Lutnick in an interview with The Pavlovic Today on Wednesday. This initiative aims to position the US at the forefront of digital assets and blockchain technology.
As indicated by Lutnick, the President perceives a strategic Bitcoin reserve as a fundamental part of America’s financial strategy moving forward.
“The President strongly believes that establishing a Bitcoin strategic reserve is crucial,” Lutnick mentioned, noting that he anticipates a comprehensive plan for crypto asset management will be unveiled on Friday.
Lutnick elaborated that President Trump has shown a continuous interest in a US Bitcoin reserve, frequently discussing the concept during his campaign. He believes this vision will transform into action this Friday.
According to the Commerce Secretary, additional crypto assets will be discussed but in a varied context.
“Bitcoin is one element, while the other currencies and crypto tokens will be approached differently—positively, but distinctly,” he stated. In addition to Bitcoin, Trump previously indicated that the US crypto reserve would comprise ETH, XRP, SOL, and ADA.
Last Friday, White House AI and crypto advisor David Sacks announced that President Trump will host the inaugural White House Crypto Summit on March 7. The summit aims to clarify the regulatory landscape for cryptocurrencies, foster innovation, and enhance economic freedom.
Various industry leaders, investors, and government executives will collaborate with the administration to deliberate on the trajectory of digital assets.
Informed by FOX Business journalist Eleanor Terrett, the confirmed participants include Coinbase CEO Brian Armstrong, executive chairman of Strategy Michael Saylor, Paradigm co-founder Matt Huang, Robinhood CEO Vlad Tenev, and Chainlink’s co-founder Sergey Nazarov, among others.
🚨NEW: More attendees are confirming attendance at Friday’s White House Crypto Summit.
Confirmations so far from:@saylor, @DavidFBailey, @matthuang, @jprichardson. https://t.co/mxupyxfWKh
— Eleanor Terrett (@EleanorTerrett) March 4, 2025
According to the invitation sent via email, the event will take place from 1:30 PM to 5:30 PM, but no additional details regarding the schedule have been disclosed, as noted by Terrett. David Sacks and Bo Hines will serve as moderators for the summit.
The story is in progress.
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