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Speaking to Ksenija Pavlovic McAteer of The Pavlovic Today ahead of the first-ever White House crypto summit on Friday, Lutnik said Trump—who has increasingly aligned himself with the digital asset industry—will outline his vision for Bitcoin and broader cryptocurrency regulation.
“The President definitely thinks that there’s a Bitcoin strategic reserve,” Secretary Lutnick told The Pavlovic Today on Tuesday evening. “Now, there will be the question of, how do we handle the other cryptocurrencies? And I think the model is going to be announced on Friday when we do that.”
Lutnick suggested Bitcoin would receive unique status under Trump’s plans.
“A Bitcoin strategic reserve is something the President’s interested in. He spoke about it all during the campaign trail, and I think you’re going to see it executed on Friday,” Lutnick said.
“So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently,” he added.
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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
@SergeyNazarov, co-founder of @chainlink
@KyleSamani, Managing Partner at @multicoincap
@ZachWitkoff, co-founder of @worldlibertyfi
@jprichardson, @exodus CEO
@matthuang, co-founder of @paradigm
@DavidFBailey, CEO of @BitcoinMagazine
Members of the Presidential Working Group on Digital Assets will also be in attendance.
A larger industry reception will take place after the roundtable concludes at 5:30PM.
pmbug said:There is no legitimate reason that @saylor should be seated at a White House Crypto Summit to discuss government policy. He does not represent the crypto industry (he's in fact very hostile to most of it). Nor does he represent the American people (he talks his book 100% of the time). He's a very polarizing figure and, IMO, is likely going to tarnish any respectability the Trump admin is trying to build for this endeavor.
^^ some savage comments to that tweet. Seems lots of folks are mad the executive order didn't call for the government to spend tax dollars buying BTC - as evident from the market selloff on the news.
Just buy the ETFs.Man Theta and cryptos are getting wrecked again this weekend. I really got to figure this out and dip the old toes.
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