empty
06.03.2025 06:49 PM
The First-Ever White House Summit on Digital Assets in U.S. History! What Will Trump Discuss?

This image is no longer relevant

According to U.S. Commerce Secretary Howard Lutnick, who took office on February 19, 2025, President Donald Trump is preparing a strategic cryptocurrency reserve proposal, set to be unveiled this Friday. However, the plan will not be solely focused on Bitcoin—instead, it will introduce alternative tokens.

Lutnick emphasized that Trump recognizes the importance of a Bitcoin reserve, but the upcoming White House Summit on Digital Assets, scheduled for March 7, will also address other cryptocurrencies. This historic summit will serve as a platform for Trump to outline his administration's approach to crypto regulation and direct investments in the sector.

Bitcoin will hold a special status within Trump's crypto reserve plan, Lutnick added.

In a recent post on Truth Social, Trump stated that the "American Crypto Reserve" will help revive the industry following what he called "corrupt attacks" by the Biden administration. He also mentioned that XRP, Solana, and Cardano would be included in the reserve. Trump reaffirmed his commitment to making the U.S. the "crypto capital" of the world.

The summit, hosted by David Sacks and Bo Hines, is expected to feature prominent figures in the crypto sector, including Michael Saylor, Brad Garlinghouse, and Sergey Nazarov. Discussions will focus on:

  • The future of digital assets in the U.S. financial system,
  • The integration of digital currencies into national infrastructure,
  • The development of a regulatory framework for cryptocurrencies.

Additionally, in his first week in office, Trump signed Executive Order 14178, aimed at protecting citizens' rights in the use of blockchain technology and digital assets. The order specifically safeguards Americans from risks associated with Central Bank Digital Currencies (CBDCs), which, according to Trump, pose threats to financial stability, personal privacy, and U.S. sovereignty. The order explicitly prohibits the creation, issuance, and use of CBDCs within U.S. jurisdiction.

Following these announcements, Bitcoin's price began to rise, recovering from its recent downturn. However, technical indicators on the daily chart suggest that the oscillators have not yet turned positive, meaning that a confirmed bullish trend has yet to materialize.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Bitcoin and Ethereum Buyers Struggle to Gain Control

Bitcoin continues its recovery after the major sell-off at the beginning of the week. However, yesterday's failure to break the weekly high casts doubt on the short-term bullish outlook

Jakub Novak 10:22 2025-03-13 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 13

Bitcoin and Ethereum are locked within new channels. On the positive side, the intense selling pressure observed at the beginning of the week has subsided. However, there are concerns about

Miroslaw Bawulski 08:05 2025-03-13 UTC+2

Bitcoin Prepares for a Comeback

As Bitcoin and Ether bounce back strongly from their yearly lows, this indicates that the bull market is not finished yet. In this context, Senator Cynthia Lummis has reintroduced

Jakub Novak 23:59 2025-03-12 UTC+2

Bitcoin Depends on Sentiment in the U.S. Stock Market

The cryptocurrency market has seen a slight recovery after another sell-off earlier this week. However, the situation remains tense, and selling pressure could return at any moment

Jakub Novak 10:24 2025-03-12 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 12

Bitcoin and Ethereum have experienced a slight recovery after another sell-off, reaching new yearly lows. The panic seen in both the U.S. stock market and the cryptocurrency market has paused

Miroslaw Bawulski 08:03 2025-03-12 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 11

Bitcoin and Ethereum have both reached new annual lows, mirroring a decline in the U.S. stock market, which has now fallen for the fourth consecutive week. Yesterday, the crypto market

Miroslaw Bawulski 09:03 2025-03-11 UTC+2

BTC/USD Analysis – March 11th: Has Bitcoin's Decline Ended?

The wave structure on the 4-hour BTC/USD chart is quite clear. Following the completion of a five-wave bullish trend, the market has entered a downward phase, which currently appears

Chin Zhao 08:39 2025-03-11 UTC+2

Bitcoin at Risk: Will the Trend Reverse After Mass Liquidations?

The past few weeks have posed a significant challenge for Bitcoin. In just a few days, its price fell below $85,000, leading to a wave of liquidations and causing investor

Ekaterina Kiseleva 00:16 2025-03-11 UTC+2

BTC/USD Analysis – March 10th

The 4-hour wave structure for BTC/USD is quite clear. After the completion of a five-wave bullish trend, the market has transitioned into a bearish corrective phase. Given this

Chin Zhao 11:51 2025-03-10 UTC+2

Trading tips for crypto market on March 10

Bitcoin and Ethereum have resumed their downtrend, as confirmed by ETF data showing another significant capital outflow. At the time of writing, Bitcoin has bounced off the $80,000 level

Miroslaw Bawulski 10:41 2025-03-10 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.