Trade Minister Howard Lootnick revealed in an interview on Tuesday that President Donald Trump is planning to announce the strategic bitcoin reserve later this week.
Talk to the independent news port Pavlovic todayLootnick stated that the president “definitely believes that there is a strategic reserve for Bitcoin” and he will unveil plans during the opening coding summit for the White House on Friday.
Lutnick hints that Bitcoin will have a “unique case” compared to other encrypted currencies under the reserve frame. “I think Bitcoin is one thing, then other currencies, other encryption codes, I think, will be dealt with differently – differently, but differently.”
The Minister of Commerce’s comments are in line with the President’s publications for the recent President Trump’s social media to create a coding reserve by Bitcoin. The president stated that the reserve will lead to “raising this critical industry after years of corrupt attacks by the Biden administration.”
Lutnick’s Bitcoin’s announcement of more than $ 90,000 this week paid less than $ 85,000 on Monday. The total encryption market rose over $ 3 trillion before the summit.
On Friday, the Bitcoin and Crypto CEO and investors and organizers will lead to a framework for the supervision of encryption and innovation in the attendees in the United States, CEO of Coinbase Brian Armstrong, CEO of Kaken Jesse Powell, and Microstrategy, Michael Silor, and others.
The summit follows Trump’s executive order that directs officials to give priority to “responsible growth of digital assets”. The president aims to restore the United States as the “world of encryption in the world” after having strict policies under Biden innovation.
With the support of the two parties to grow bitcoin laws and the law -friendly laws in Congress, Trump’s embrace of the strategic Bitcoin reserve may enhance his legitimacy all over the world.
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