Commerce Secretary Howard Lutnick has reinforced Donald Trump's pro-crypto stance, hinting at major policy shifts set to be unveiled during Friday's White House crypto summit.
What Happened: In an interview with The Pavlovic Today on Wednesday, Lutnick stated that Trump "definitely thinks there's a Bitcoin BTC/USD strategic reserve.”
This suggests the administration is considering Bitcoin as a national asset, potentially signalling a historic shift in U.S. crypto policy.
Regarding other cryptocurrencies, Lutnick suggested a structured approach could be unveiled at the summit, where Bitcoin may receive special status, but other tokens will be treated differently but positively under Trump's evolving crypto framework.
According to White House officials, the summit will also focus on regulatory clarity for digital assets, financial innovation and the role of crypto in the U.S. economy and economic opportunities in the evolving digital asset landscape.
The Friday summit is shaping up to be a critical moment for the crypto industry, with Trump aiming to make the U.S. the "crypto capital of the world."
A Bitcoin Strategic Reserve could signal government-backed crypto adoption, boosting market confidence.
Also Read: Trump, Tariffs, Stock Markets, Crypto Reserve: What Key Themes Are Driving Crypto Markets?
What's Next: Crypto analyst Miles Deutscher outlined key themes for discussion at the summit, including: Bitcoin ETFs & regulated investment products, U.S.-made tokens likely to receive favorable policies and Trump-endorsed projects and tokens attending the summit.
According to Deutscher's analysis, tokens that align with Trump's crypto agenda could benefit, include Avalanche AVAX/USD, XRP XRP/USD, Cardano ADA/USD, Solana SOL/USD, Dogecoin DOGE/USD, Bonk BONK/USD.
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Photo courtesy of Cantor Fitzgerald.
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