In a historic turn for the financial policy of the United States, President Donald Trump will reveal on Friday, March 7, three key decisions during the first Cryptocurrency Summit of the White House, as advanced by the Secretary of Commerce, Howard Lutnick.
Lutnick’s statement adds interest in the event in which Trump will be the host, which It could be a crucial moment for the Bitcoin market (BTC) and cryptocurrencies.
A key point that has generated debate in the community is the creation of a strategic bitcoin or digital asset reserve. An issue that, in effect, will be addressed by the president this Friday, as indicated by Lutnick to the medium The Pavlovic Today.
“The president definitely thinks that there is a strategic Bitcoin reserve, and now the question of how we handle the other cryptocurrencies arises, so the model will be announced on Friday,” he said.
Trump has maintained the attention of the cryptocurrency community, pointing out in Truth Social that this reserve will include «XRP, Sol and Ada». Then he emphasized that Bitcoin and Ethher (ETH) will be the “heart” of the plan.
In this regard, Lutnick added: “Bitcoin is one thing, and then the other coins, the other cryptographic tokens, I think, will be treated differently, positively, but different.”
So, in short, a bitcoin reserve or digital assets will be one of the key points that Trump will treat at the White House cryptocurrency summit. The event, chaired by David Sacks and Bo Hines, represents a significant step in the administration’s efforts to establish the United States as a world leader in digital finance.
Regulatory clarity and economic opportunities
Delineating a specific regulatory framework for cryptocurrencies, will be another of the key points that Trump will deal with at the summit, according to White House officials who spoke with the aforementioned means of communication. This, due to the commitment that the Trump administration has with the “growth and responsible use of digital assets.”
What has recently been in the mat is that, although the Bolsa and Securities Commission (SEC) of the United States does not yet implement concrete measures, the cessation of its investigations and demands against certain companies of the cryptocurrency industry is notorious. This, together with the recent communications that announce changes, and that provide hope of A future with greater regulatory clarityless ambiguities and without fear of success.
Now this change of position is expected to attract innovators back to the United States and contribute Trump’s vision to make that country, the “world capital of cryptocurrencies.”
Therefore, this Friday’s revelations could mark a turning point for the industry, reinforcing US leadership in digital assets worldwide.
What to expect from the cryptocurrency summit?
- Pro-writing policy: The summit could be a crucial step in the regulation and adoption of Bitcoin and other digital assets through the impulse of a clear regulatory framework.
- Digital Assets Reserve or Bitcoin only: Trump is expected to reveal if his government will opt for a wide reserve of cryptocurrencies or will continue to focus exclusively on Bitcoin. The result of this could determine the future of both Bitcoin and the Altcoins.
- Institutional adoption: Representatives of the main cryptocurrency companies and policy formulators will be present, which will potentially lead to new guidelines and decisions in the environment of the Government of Donald Trump and the emergence or reinforcement of potential alliances, such as the existing one with Ripple.