Crypto Updates
- Trump’s first crypto summit may perhaps include a strategic U.S. BTC proclamation.
- Leading crypto executives, including Brian Armstrong and Michael Saylor, have received invitations.
On March 7th,President Donald Trump will host an inaugural crypto summit,with reports indicating that a potential Bitcoin[BTC] reserve strategy will be part of the announcements.
According to reporter Ksenija Pavlovic McAteer, the highly anticipated national BTC reserve strategy is set to be revealed during the event, as stated by Commerce Secretary Howard Lutnick.
“Commerce Secretary Howard Lutnick informs Ksenija Pavlovic McAteer that President Donald Trump will announce a Bitcoin reserve plan at the White House Crypto Summit on Friday.”
The report further mentioned that Lutnick indicated Bitcoin would be managed in a distinctly different manner compared to other cryptocurrencies within the reserve.
< p >< span style = ' font - weight : normal ; ' > “So Bitcoin is one thing, and then other currencies and various crypto tokens will definitely be treated differently—certainly but in another way.”
< p >< span style = ' font - weight : normal ; ' > If confirmed, this could significantly impact market dynamics.
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< strong > Leading crypto executives invited
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< p >< span style = ' font - weight : normal ; ' > The President has assigned the digital Working Group—including David Sacks and Secretary Lutnick—to develop a framework for digital asset reserves.
< p >< span style = ' font - weight : normal ; ' > This framework aims to establish a legally sound reserve beyond current administration practices within six months.
< p >< span style = ' font - weight : normal ; ' > Fox Business journalist Eleanor Teanor reported attendees of the summit include Coinbase CEO Brian Armstrong and Strategy (formerly MicroStrategy) founder Michael Saylor.
< p >< span style = ' font - weight : normal ; '> Other invitees included Kyle Samani from MultiCoin Capital, Zach Witkoff from World Liberty Financials, and Sergey Nazarov from Chainlink.
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