Trump says he will establish a crypto reserve
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Deputy Secretary for the Harrison Fields White House print is joined by the ‘bottom of drawing’ to hand over the fire exchange of President Donald Trump with Ukrainian President Volodymyr Zelenskyy in an oval office.
President Donald Trump He discovered the intention of moving forward with plans to establish an American crypto reserve on Sunday.
Trump says he has signed an executive command, creating a reserve that includes numerous cryptocurrencies. The move only comes a few days before the White House was set on the cryptocurrency summit on March 7th.
“The American Crypto Reserve will rise this critical industry after years of corrupt attacks by Biden’s administration, which is why my executive command on digital property directed the presidential work group to move forward in the Crypto Strategic Reserve, which includes the XRP, Sol and Ada” Trump wrote.
“I will make sure that there is a crypto of the capital of the world now. We do America again!” He added.
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President Donald Trump signs a number of executive orders at an oval office in the White House. (Andrew Hardik / Getty Images / Getty Images)
The Crypto Summit will be held on Friday, marking the first such event of the White House.
Trump is expected to express comments during the summit, said the White House.
The event will include “distinguished founders, executive directors and investors from the KRIPTO industry, as well as members of the Presidential Working Group for Digital Property,” said the White House.
Openai Executive Director Sam Altman, accompanied by President Donald Trump, speaks during a press conference at Roosevelt Road Room on January 21, 2025. In Washington, DC Trump announced an investment in artificial intelligence infrastructure, etc. (Andrew Hardik / Getty Images / Getty Images)
Summit will lead a risk capitalist and White house Ai and Crypto Czar David Sacks, and will be managed by the Executive Director of the Working Group Bo Hines.
This comes after Trump has signed an executive order in January to establish a working group consisting of servants of various federal agencies to advise a white house on a digital property policy.
President Trump plans to create a reserve for cryptocurrencies. (Illustration of Photos Chesnot / Getty Images / Getty Images)
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During his 2024 campaign, Trump vowed to simplify the regulations, support a stable frame and establish Bitcoin supplies, Bloomberg News states.