Outside Source
- Howard Lutnick said Bitcoin would receive special status under US President Donald Trump’s proposed crypto reserve
- Lutnick believes that other crypto tokens will be “treated differently—positively, but differently”
- So far, 12 people within crypto have been invited to attend the Crypto Summit
US President Donald Trump is expected to unveil a Bitcoin reserve strategy at this week’s first Crypto Summit at the White House.
That’s according to US Commerce Secretary Howard Lutnick during an interview with The Pavlovic Today.
“A Bitcoin strategic reserve is something the President’s interested in,” Lutnick said. “He spoke about it all during the campaign trail, and I think you’re going to see it executed on Friday.”
Lutnick also suggested that Bitcoin would receive special status under Trump’s proposed plans, adding:
“So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently.”
On Sunday, Trump announced on Truth Social his thinking around a crypto strategic reserve, stating that it will “elevate this critical industry after years of corrupt attacks by the Biden Administration.”
He initially said that the crypto reserve would hold Cardano, Solana, and XRP; however, he later added that it would “obviously” include Bitcoin and Ethereum.
Who’s invited to the Crypto Summit?
The White House Crypto Summit, chaired by David Sacks and Bo Hines, marks a significant step in Trump’s mission to make America the “crypto capital of the world.”
Scheduled to take place on March 7, White House officials have said that it’ll be an opportunity to discuss regulatory clarity and the economic opportunities in the crypto asset space.
According to Fox Business journalist Eleanor Terrett, the Crypto Summit will host a small gathering of people. These include Robinhood co-founder and CEO Vlad Tenev, Arjun Sethi, Kraken’s CEO, Brian Armstrong, CEO of Coinbase, Gemini’s Cameron and Tyler Winklevoss, and Michael Saylor, executive chair of Strategy.
🚨NEW: These are the ten industry folks I’ve confirmed are attending the White House Crypto Summit on Friday.
🔹@vladtenev, @RobinhoodApp CEO
🔹@arjunsethi, Kraken CEO
🔹@saylor, @MicroStrategy Founder and Executive Chairman
🔹@brian_armstrong, @coinbase CEO…
— Eleanor Terrett (@EleanorTerrett) March 5, 2025
Members of the Presidential Working Group on Digital Assets will also be in attendance.
The arrival of the Crypto Summit follows the Executive Order Trump signed at the end of January for the crypto working group to provide regulatory clarity over crypto assets. The crypto working group was also directed to explore the potential of a national crypto stockpile.
This article first appeared at CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison
