NEWSLETTER
“From this day, the United States will follow the rule that everyone in bitcoin knows very well, never sell their bitcoin.” -President Donald Trump, 3/7/25 at the opening Cryptographic Summit of the White House
The president of the United States is now reciting bitcoin's popular maxims in regard to the United States bitcoin battery.
Wild.
It is clear that he has received the message that bitcoin is something completely different from all other digital assets.
This has shown not only for what he said at the top of today's cryptography, but also by signing a <a target="_blank" href="https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-establishes-the-strategic-bitcoin-reserve-and-u-s-digital-asset-stockpile/” target=”_blank” rel=”noopener”>Executive Order (EO) last night which established a strategic bitcoin (SBR) reserve regardless of digital asset storage.
Bitcoins Strategic Reserve
With respect to the SBR, the president said today that the United States plans to maintain the bitcoin in its possession, unlike the previous administrations that have sold massive sums of it.
“Unfortunately, in recent years, the United States government has sold tensfully tens of thousands of bitcoin (200,000, by <a target="_blank" href="https://www.bloomberg.com/news/videos/2025-03-07/david-sacks-on-bitcoin-reserve-auditing-crypto–ai-video” target=”_blank” rel=”noopener”>Some estimates) that were worth billions and billions of dollars if they had not sold them, ”said President Trump.
That said, the president also shared that the members of his administration will seek roads to accumulate bitcoin, at no cost to the American public.
“The Treasury and Commerce departments will explore new routes to accumulate additional bitcoin holdings for the reserve, provided that it is carried out at no cost for taxpayers,” he said.
“We do not want any cost for taxpayers,” he reiterated, highlighting the notion that the United States government plans to accumulate bitcoin in a “neutral budget” way (to borrow the language of the EO of the previous night).
Assistants
The Secretary of the Treasury, Scott Besent and the Secretary of Commerce, Howard Lutnick, were present at the summit along with approximately 30 prominent members of the bitcoin and crypto industry, including the executive president of the strategy, Michael Saylor, the CEO of Coinbase, Brian Armstrong, the co -founders of Gemini Cameron and Tyler Winklevos, and the CEO of btc, David Bailey.
Other members of the Trump administration also attended, including the director of the administration of small businesses, Kelly Loeffler, and the white -house cryptocurrencies, David David Sacks, attended.
Both Sacks and Loeffler praise the rhythm to which Trump is progressing with the executive orders and legislation of bitcoin and crypto.
“His administration is moving at technological speed (start),” Sacks said.
“It is actually faster than any startup of which I have been a part,” added the capitalist at risk, known for investing in many new technological companies in the course of his career.
Secretary Lutnick responded to the new knowledge of bitcoin and cryptography of President Trump, adding that the president has really adopted technology.
“Blockchain and bitcoin technology is a key part of thought (of the president),” said Lutnick.
“We are using blockchain. We are using bitcoin. We will use digital assets to (push) forward, and Donald Trump is leading the way, ”he added.
Stablecoins as money, bitcoin as a value warehouse
Now, before going and getting too excited about Secretary Lutnick speaking of “using” bitcoin, please know that with all the bitcoin talk of bitin in the event, a word of bitcoin was not used that was used as money. Instead, it was only called savings technology.
As for the digital assets that the Administration considers money, Stablecoins remains alone.
And Secretary Besent reinforced this message, more recently pressed in the first press conference of the United States on digital assets and the first subcommittee at the Digital Asset Hearing, at the Summit.
“We are going to think a lot about the Stablecoin regime,” said Secretary Bessent. “And as President Trump has directed, we are going to keep the United States (dollar) the dominant reserve currency in the world, and we will use Stablecoins to do so.”
(And before going to the secretary of Curse Besent by low when he reads this, keep in mind that he also dropped an absolutely a line of a single Pro-bitcoin line: “President Trump is creating assets for the American people, while most previous presidents have created debts.”
What was not discussed
In addition, in a previous call from the summit with senior White House officials this morning, one of the officials dissipated the rumor that the administration <a target="_blank" href="https://x.com/unusual_whales/status/1898090956144230579″ target=”_blank”>Eliminate the capital gains tax of encryption sales (which is also applicable when bitcoin spends or cryptography), clearly stating that the administration has no plans to do this and that the issue would not even be addressed at the summit. (It wasn't.)
Something more that was not discussed at the Summit was whether the Marshalls of the United States have provided the Trump administration with an adequate bitcoin Audit and other digital assets in their custody (finally, it was reported, apparently they have apparently <a target="_blank" href="https://www.coindesk.com/policy/2025/02/20/u-s-marshals-service-managing-seized-assets-can-t-say-how-much-crypto-it-holds” target=”_blank” rel=”noopener”>little idea of what they are holding). Nor was it mentioned how the government plans to ensure the private keys of bitcoin that it maintains in the SBR. (He planned to ask about the latter, but the members of the press present at the event were not allowed to ask questions).
But we don't get lost in some of the details currently lower here.
It was a good day
Instead, let's take a tail by Brian Armstrong, and recognize that today it was, according to many standards, one day.
“It was a quite historical moment for the cryptographic industry,” Armstrong told bitcoin magazine after the summit concluded.
“President Trump really returned life to this industry. A few years ago, he felt as if we were under attack, and some people tried to illegally kill the entire industry. What a sea change to be invited to the White House and have the most pro-Christo president, “he added.
Armstrong also pointed out that, then, he wants to see the approved legislation to help make some of the positive bitcoin and cryptography in motion under the Trump administration.
“Congress is really well progressing on this with starma and market structure legislation, and hopefully encodes this strategic bitcoin reserve eventually too.”
