US Trade Minister Howard Lootnick confirmed that the Trump administration will unveil plans for the Bitcoin Strategic Reserve at the upcoming White House encryption summit on March 7.
In an interview with Pavlovic todayLutnick explained that Bitcoin (BTC) is likely to have a special place in the National Currency Reserve, which will include ETHER (ETH), Solana (Sol), Cardano (ADA) and XRP (XRP).
“The president definitely believes that there is a strategic reserve for bitcoin,” said Minister Lootnick. “Now, there will be an issue, how we deal with other cryptocurrencies. I think the model will be announced on Friday when we do it.”
President Donald Trump has faced criticism since he announced social media that the country’s encryption reserves would include assets other than Bitcoin. Critics say the central Altcoins should not be in addition to Bitcoin, the only decentralized commodity that can be used as a long -term store of wealth.
source: Anthony Box
Even the famous critic Bitcoin Peter Chef, who refused to invest in digital assets when he was estimated at less than $ 100, said he understood the logical basis behind BTC reserves only but does not include altcoins.
source: Peter Chef
In response, Lootnick reiterated Trump’s interest in Bitcoin’s stock only without rejecting other assets in the proposed basket.
“So the bitcoin is one thing, then other currencies, other encryption codes, I think, it will be dealt with differently – positively, but differently,” said Lootnick.
Related to: As Bitcoin Trump Tanks, PMI offers a road map of what comes next
The top of the encryption in the White House is gaining traction
President Trump is scheduled to carry the first White House encryption summit on March 7, when up to 25 participants has been confirmed so far. The invitation list includes the founder of strategy Michael Celor, co -founder of Chainlink Sergey Nazarov and Coinbase CEO Brian Armstrong.
source: Eleanor Teret
The summit reflects the historical axis of the United States government towards digital assets during the era of President Trump, who pledged to make America the capital the capital and encryption in the world during the elections.
During the Trump era, the Securities and Stock Exchange Committee established an encryption workplace to clarify a “reasonable organizational path” for the sector. The work group has already met many industry representatives to better understand organizational pain points.
Meanwhile, the sub -committee of the House of Representatives on digital assets, financial technology and artificial intelligence with industry experts participated in a set of issues, from Stablecoin regulations to the agency that should be granted the immediate market authority to encrypt.
Related to: Trump’s encryption projects raise conflicts in interests, trading questions from the inside
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