Lutnick Confirms Bitcoin Strategic Reserve Execution on March 7, BTC Soars Above $90k
Bitcoin’s price has soared recently, returning to more than $90,000. Cryptocurrencies have risen by more than 8% in the past 24 hours and are focusing on higher levels. President Donald Trump will announce a major shift in cryptocurrency policy this week, including plans for Bitcoin’s strategic reserves. Commerce Secretary Howard Lutnick confirmed the move is part of a broader strategy to regulate and position the United States as a global leader in digital assets.
In an interview with Pavlovic today“The president definitely thinks there is a strategic reserve for Bitcoin. The president is interested in the strategic reserve for Bitcoin. He talked about it all during the campaign and I think you will see it on Friday. So Bitcoin is one thing, and then other currencies, and I think other currencies will be treated differently, but differently, but differently.”
The announcement comes after Trump outlined his position on U.S. crypto reserves in a post about truth socialization. The White House crypto summit scheduled for Friday will be an important event in the government’s efforts to create regulatory clarity and promote financial innovation in the cryptocurrency space.
The summit follows Executive Order 14178 signed in the first week of Trump’s tenure, which puts his administration responsible for growth and use of digital assets. The summit will bring together key figures from the cryptocurrency industry to discuss the future of regulatory and economic opportunities in the digital asset space.
