White House Set to Unveil Details on US Crypto Reserve at Inaugural Summit
The White House is expected to reveal more details about a potential U.S. crypto reserve during its first-ever Crypto Summit on Friday, according to The Pavlovic Today, an independent political news outlet.
Commerce Secretary Howard Lutnick reportedly told the publication that President Trump is particularly focused on the idea of a Bitcoin Strategic Reserve.
“The President definitely believes in a Bitcoin strategic reserve,” Lutnick stated. “Now the key question is how we approach other cryptocurrencies. I believe the framework for that will be announced at the summit on Friday.”
Lutnick also suggested that Bitcoin would receive a “unique status” under the administration’s plans.
“A Bitcoin strategic reserve is something the President has been interested in for a while. He talked about it extensively on the campaign trail, and I think you’re going to see that vision take shape on Friday,” Lutnick added. “Bitcoin is one thing, but other digital assets—other crypto tokens—will be handled differently. Positively, but differently.”
Key Figures to Attend White House Crypto Summit
The summit will be chaired by Trump’s recently appointed Crypto Czar, David Sacks, alongside Bo Hines, Executive Director of the Presidential Working Group on Crypto. Several high-profile industry leaders are also expected to attend, including MicroStrategy co-founder Michael Saylor, Coinbase CEO Brian Armstrong, Kraken co-CEO Arjun Sethi, and Chainlink co-founder Sergey Nazarov.
President Trump reaffirmed his commitment to the initiative on Sunday, stating that following his executive order in January, he had directed a working group to begin implementing a U.S. Crypto Strategic Reserve. The reserve is expected to include multiple assets such as Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). Following the announcement, these cryptocurrencies experienced significant price surges, with ETH up 10%, XRP 15%, SOL 25%, and ADA soaring 70% from last week’s lows.
However, Bitcoin dropped by over 10%, and Ethereum declined by more than 15% after Trump’s separate announcement on new tariffs for imports from Canada, Mexico, and China, which triggered a broader risk-off sentiment in the market—erasing the earlier gains from the crypto reserve news by Monday.
Unanswered Questions and Market Reactions
Despite the administration’s push for a U.S. crypto reserve, several uncertainties remain. Questions persist over how such a reserve would be funded and whether its implementation would require congressional approval. Both the Federal Reserve and the Treasury Department may need new legislation to facilitate the initiative.
Still, Bitcoin managed to rebound 3.4% on Wednesday, climbing back above the $90,000 mark, according to The Block’s Bitcoin Price Index.
With the Crypto Summit set to take place on Friday, the industry awaits further clarity on the government’s stance and strategic direction for digital assets in the U.S. financial system.
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