On Thursday, U.S. President Donald Trump will speak at the Digital Asset Summit in New York, shortly after the White House expressed interest in accumulating Bitcoin.
President Donald Trump is scheduled to address the Digital Asset Summit in New York City on Thursday, March 20. This event marks the first occasion where a sitting U.S. president will speak at a cryptocurrency industry conference. As stated in a press release, Trump’s remarks are set for 10:40 a.m. ET at North Javits, coinciding with increasing conversations about the U.S. government’s possible engagement with Bitcoin (BTC).
“It’s about time our president started gathering assets for the American public, which is exactly what President Trump is doing instead of taking them away. I frequently get asked, how much do you want? The answer is, as much as we can acquire.”
Bo Hines, executive director of the White House’s council of advisors on digital assets
The administration’s perspective on Bitcoin seems to be shifting, although specifics are still vague. Recently, Trump signed an executive order that establishes a U.S. Strategic Bitcoin Reserve. In light of this, lawmakers such as Senator Cynthia Lummis and Congressman Nick Begich have proposed plans for the U.S. to acquire up to 1 million BTC over the upcoming five years.
Trump’s executive order for creating a Strategic Bitcoin Reserve is noteworthy. As reported by crypto.news, the reserve will be financed using Bitcoin that has been confiscated by the federal government through asset forfeiture, ensuring that taxpayers do not incur any expenses.
David Sacks, the White House AI and Crypto Czar, mentioned that the U.S. government currently possesses approximately 200,000 BTC, although a comprehensive audit has yet to be performed. The executive order requires detailed accounting of federal digital asset holdings and bans the sale of Bitcoin in the reserve, comparing it to a “digital Fort Knox.”
In addition to Trump, notable speakers at the DAS include Michael Saylor from Strategy and Bloomberg ETF analyst James Seyffart, who are set to discuss spot Bitcoin exchange-traded funds and the adoption of cryptocurrencies in institutional settings.
