05.03.2025 14:52
U.S. President Donald Trump is preparing to declare Bitcoin as a strategic reserve. Commerce Secretary Howard Lutnick announced that these plans will be revealed at the White House's first crypto summit scheduled for Friday. Trump has a plan to establish a Crypto Strategic Reserve that includes XRP, SOL, and ADA.
The President of the United States, Donald Trump, is preparing to make revolutionary changes to his policies regarding cryptocurrencies. According to statements from Secretary of Commerce Howard Lutnick, Trump will recognize Bitcoin as the country's strategic reserve. This new approach, which will be detailed at the first cryptocurrency summit to be held at the White House, forms the basis of the goal to make the U.S. the world's crypto hub.
Trump's move that will shake the crypto world: Bitcoin becomes the U.S. strategic reserve
Information has emerged that President Donald Trump will make fundamental changes to his policies regarding cryptocurrencies and will recognize Bitcoin as a strategic reserve. U.S. Secretary of Commerce Howard Lutnick announced that the President will reveal his plans in this direction at the first cryptocurrency summit to be held at the White House in the coming days.
In a statement regarding the matter, Lutnick expressed that Trump will detail his new approach to Bitcoin and general crypto regulations. Lutnick stated, "The President believes that Bitcoin is a strategic reserve, and we will provide comprehensive information on this matter on Friday."
Trump's positive attitude towards cryptocurrencies has been clearly seen in his recent statements. In a statement made on the Truth Social platform, the President said, "The U.S. Crypto Reserve will be a significant step against the corrupt policies of the Biden Administration. My Executive Order on Digital Assets has tasked the Presidential Working Group with the establishment of a Crypto Strategic Reserve, including XRP, SOL, and ADA. We will make America the world's crypto hub."
White House officials emphasized that the summit, organized under the leadership of David Sacks and Bo Hines, is critical to the goal of making the U.S. a global leader in digital finance. The summit will be a continuation of Executive Order 14178, which Trump signed shortly after taking office and which states that the administration supports the responsible use of digital assets.
This new policy direction represents a significant departure from the previous administrations' strict regulatory approaches to the crypto sector and may bring increased scrutiny and legal challenges for the industry. This important announcement to be made on Friday could be a turning point for the sector and strengthen the U.S.'s leadership position in the global digital assets arena.