US President Donald Trump is set to make a major announcement at the upcoming White House Crypto Summit on March 7. According to The Pavlovic Report, Commerce Secretary Howard Lutnick has confirmed that Trump will unveil his Bitcoin Reserve Strategy during the event. This strategy will outline the President’s vision for the crypto industry, including plans for a Bitcoin reserve and broader regulatory initiatives for digital assets.
Lutnick expressed that Trump is in favor of establishing a Bitcoin Strategic Reserve and that discussions regarding the regulatory approach for alternative cryptocurrencies are ongoing. He mentioned, “A Bitcoin strategic reserve is something the President’s interested in. He spoke about it all during the campaign trail, and I think you’re going to see it executed on Friday.”
Furthermore, Lutnick clarified that Bitcoin will be given special recognition under Trump’s plan, while other cryptocurrencies will be treated differently under the new policy. This distinction is crucial as Trump’s recent social media posts hinted at the inclusion of assets like Ethereum, Solana, Cardano, and XRP in the crypto reserve plan.
The White House Crypto Summit will gather key industry figures to discuss regulatory clarity, financial innovation, and economic growth opportunities. Strategy chairman Michael Saylor, who holds a significant amount of Bitcoin, confirmed his attendance at the event. Other notable attendees include Bitcoin Magazine CEO David Bailey, as well as executives from major US crypto trading platforms like Coinbase, Kraken, and Robinhood.
In addition, prominent figures like Chainlink co-founder Sergey Nazarov and venture capitalists from firms like Paradigm and Multicoin Capital will also be present at the summit. These industry leaders are eager to discuss how the US can take a leadership role in promoting open crypto principles and supporting innovation in ecosystems such as Bitcoin, Ethereum, and Solana.
Overall, the White House Crypto Summit promises to be a significant event in shaping the future of the crypto industry in the US. With Trump’s unveiling of the Bitcoin Reserve Strategy and discussions on regulatory approaches for digital assets, the summit will provide valuable insights and opportunities for collaboration among industry stakeholders.