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- The White House to host a key crypto summit as Trump signs orders for a strategic Bitcoin reserve.
- The U.S. Treasury will oversee the reserve, using Bitcoin for criminal and civil asset forfeitures instead of auctioning it off.
- The summit will introduce a new regulatory framework with SEC and CFTC leaders, focusing on investor protection and market stability.
The White House is gearing up for a landmark Crypto Summit this Friday, which could redefine the U.S. government’s stance on digital assets. The summit follows a bold move by President Donald Trump, who has signed executive orders establishing a Strategic Bitcoin Reserve. This first-of-its-kind initiative signals the administration’s commitment to integrating cryptocurrency into the national financial strategy.
According to reports, Trump will sign the executive orders at 2:30 p.m. ET, just before the summit officially begins at 3 p.m. The directive will empower the U.S. The Treasury Department will create a dedicated office to oversee the Bitcoin reserve. It will be primarily funded by seized BTC from criminal and civil asset forfeiture cases.
This significantly shifts previous government practices, as the government used to auction off seized crypto often at a fraction of its potential future value. Trump’s administration opts for a long-term approach, positioning the U.S. to capitalize on Bitcoin’s appreciation rather than prematurely liquidating holdings.
According to David Sacks, President Trump’s AI and crypto advisor, these past sell-offs may have cost U.S. taxpayers up to $17 billion, a mistake the new administration is keen to avoid.
Crypto Regulations Evolve Under Trump
David Sacks will lead the summit, which will include key figures from government and industry. Mark Uyeda, acting chair of the SEC, and Caroline Pham, acting chair of the CFTC, are expected to present a regulatory framework focused on investor protection and market stability. Meanwhile, Bo Hines, executive director of the President’s Working Group on Digital Assets, will guide discussions on policy development and government involvement in digital assets.
The move contrasts sharply with the previous Biden administration’s stricter regulatory stance, reinforcing Trump’s commitment to embracing crypto innovation. The White House has even described Bitcoin as “digital gold,” highlighting its strategic importance in global finance.
Market Reactions and Crypto Holdings
Following the announcement, Bitcoin rebounded slightly but remained below the $90,000 mark. Meanwhile, Trump’s financial entity, World Liberty Financial, has reportedly made major crypto acquisitions ahead of the summit. According to blockchain analytics firm Nansen, the firm purchased $10 million in Ethereum (ETH), $10 million in wrapped Bitcoin (WBTC), and $1.5 million in MOVE.
These acquisitions suggest a broader government interest in digital assets beyond Bitcoin, potentially signaling future federal recognition of altcoins.
The summit is expected to lay the groundwork for expanding the Strategic Bitcoin Reserve, with Trump hinting at the possible inclusion of Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
This summit represents an opportunity for the crypto industry to push for clearer regulations and mainstream adoption under a Republican-led administration. With markets still seeking stability following Trump’s election victory, industry leaders hope the summit will provide the necessary framework to propel digital assets into the future.
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