Key Takeaways
- Trump to announce Bitcoin strategic reserve at White House Crypto Summit.
- The reserve will include Bitcoin and potentially other digital assets.
- The policy shift follows Executive Order 14178 on digital assets.
President Donald Trump appears set to announce a Bitcoin strategic reserve during the White House Crypto Summit on Friday, according to Commerce Secretary Howard Lutnick.
Speaking to The Pavlovic Today, Lutnick confirmed Trump’s intent to give Bitcoin a unique status under his administration’s policy.
Confirmation from commerce secretary
Lutnick stated:
The President definitely thinks that there’s a Bitcoin strategic reserve. He spoke about it all during the campaign trail, and I think you’re going to see it executed on Friday.
Focus of the summit
The summit, chaired by David Sacks and Bo Hines, will focus on regulatory clarity, financial innovation, and economic opportunities in the digital asset space.
It follows Trump’s Executive Order 14178, which prioritizes the growth and responsible use of digital assets.
Broader crypto strategy
Trump previously stated on Truth Social that a “U.S. Crypto Reserve” would support Bitcoin and other assets, including Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
However, Lutnick seems to indicate that this may not be the case:
So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently.
Shift in regulatory stance
The announcement marks a stark contrast to the previous administration’s regulatory stance, which led to heightened scrutiny of the industry.
Trump’s push to embrace Bitcoin could position the U.S. as a global leader in digital finance.
