Trump to Unveil Bitcoin Reserve Plans at White House Crypto Summit

05. Mar 2025 Posted by Bailey S. on News

President Donald Trump is set to reveal a strategic Bitcoin reserve as part of a broader push to establish the United States as a dominant force in digital assets and blockchain technology. Commerce Secretary Howard Lutnick confirmed the initiative on Wednesday, ahead of the highly anticipated White House Crypto Summit scheduled for this Friday.

According to Lutnick, Trump sees Bitcoin as a crucial pillar of America’s financial strategy, with plans for a government-backed reserve expected to be formally introduced at the summit.

“The President absolutely believes in a strategic Bitcoin reserve,” Lutnick stated, emphasizing that the upcoming announcement will outline a clear direction for handling crypto assets at the national level.

Trump has reportedly been considering the establishment of a Bitcoin reserve throughout his campaign, signaling a shift in U.S. crypto policy. While Bitcoin will take center stage in these discussions, other digital assets will also be addressed under a different regulatory approach.

“Bitcoin is in a league of its own, but other cryptocurrencies will also have a role—treated positively, but differently,” Lutnick explained. Among the digital assets mentioned for inclusion in the U.S. crypto reserve are Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), reflecting a diversified approach to blockchain integration.

The White House Crypto Summit, spearheaded by AI and crypto policy advisor David Sacks, aims to establish clear regulatory guidelines while fostering innovation and economic expansion in the digital asset sector. The event, set for March 7, will feature participation from key industry leaders, investors, and government officials.

Confirmed attendees include Coinbase CEO Brian Armstrong, MicroStrategy’s executive chairman Michael Saylor, Paradigm’s co-founder Matt Huang, Robinhood CEO Vlad Tenev, and Chainlink’s co-founder Sergey Nazarov. The summit will take place from 1:30 PM to 5:30 PM, with David Sacks and Bo Hines moderating the discussions.

As the U.S. gears up to define its crypto future, all eyes will be on Trump’s announcement and its potential impact on global markets.