President Donald Trump will announce his Bitcoin Reserve Strategy at the White House Script Summit
Commerce Secretary Howard Lutnick confirmed the plans in an interview with Pavlovic today, saying Bitcoin will win a special position under Trump's initiative.
“Bitcoin's strategic reserves are something the president is interested in. He talked about it all on the campaign trail and I think we'll see it run on Friday,” Rutnick said.
Chaired by venture capitalist David Sachs and Congressman Bo Hines, the summit marks a key moment in Trump's efforts to position the United States as a leader in digital finance.
Reports say the White House Script Summit will be invited to receive receptions close to the president of digital assets, including Michael Saylor, Coinbase CEO Brian Armstrong, Robin Hood co-founder Vlad Tenev, other industry leaders at Crypto Space, and government officials from the Presidential Working Group of Digital Assets.
The administration's approach continues with Executive Order 14,178. It outlines a framework for promoting the growth of the crypto industry while distinguishing Bitcoin as a strategic asset.
US Cryptocurrency Reserve
Trump recently said that “US Cryptocurrence” will bolster the industry after what the Biden administration calls “corruption attacks,” highlighting his support for digital assets for a true society.
He also said the reserve could include other major cryptocurrencies, such as XRP (XRP), Solana (Sol), and Cardano (ADA), along with Bitcoin (BTC) and Ethereum (ETH).
“So I think Bitcoin is one thing, and then other currencies, other crypto tokens, will be treated differently.
The summit is expected to provide even more clarity on the regulatory plan for management that could impact the global digital asset environment.
Friday's announcement could bolster the US government's evolving attitude towards cryptography and mark an industry turning point.
