The post White House Crypto Summit 2025 : Live Updates appeared first on Coinpedia Fintech News
March 7, 2025 17:54:21 UTC
Bitcoin Is a Scarce and Strategic Reserve Asset, Says David Sacks
Crypto Czar David Sacks stated, “Bitcoin is scarce, it’s valuable, and that is strategic for the United States to hold on to this as a long-term reserve asset.” His comments underscore the belief that Bitcoin’s limited supply and intrinsic value make it an ideal candidate for a long-term reserve, aligning with broader strategies to secure financial stability in an evolving digital economy.
March 7, 2025 17:49:45 UTC
David Sacks : Trump’s Inclusion of XRP, ADA, and Solana Is Market Cap-Driven
David Sacks explained that when Trump mentioned XRP, Solana, and Cardano in his crypto reserve statement, he was simply referring to the top five cryptocurrencies by market cap, with no deeper meaning. Sacks also noted that the government might explore lending or staking its crypto holdings. The Treasury Department would handle any rebalancing, sales, or other asset management strategies based on long-term interests.
March 7, 2025 16:09:35 UTC
White House Not Expecting Tax Policy Announcements at Crypto Summit
According to @PunchbowlNews and @BrendanPedersen, the White House is not anticipating any new announcements on tax policy at today’s crypto summit. The focus is expected to remain on broader digital asset discussions, leaving tax policy for future deliberations.
March 7, 2025 16:09:35 UTC
When is Trumps Crypto Summit?
On March 7, 2025, the White House will host Crypto Summit, uniting government officials, regulators, and top crypto industry leaders. This event marks the highest-level political support for cryptocurrency regulation and innovation in the United States. The summit will focus on shaping future digital asset policies and fostering blockchain innovation, signaling a major step toward integrating crypto into the mainstream financial system.
