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crypto.news 2025-03-20 10:17:42

Trump to speak at crypto summit as White House eyes Bitcoin reserves

Trump to speak at crypto summit as White House eyes Bitcoin reserves

U.S. President Donald Trump will deliver remarks at the Digital Asset Summit in New York on Thursday, days after White House signaled interest in stockpiling Bitcoin. President Donald Trump is set to address the Digital Asset Summit in New York City on Thursday, March 20, marking the first time a sitting U.S. president has spoken at a cryptocurrency industry conference. According to a press release , Trump’s speech is scheduled for 10:40 a.m. ET at North Javits and comes amid growing discussion about the U.S. government’s potential involvement in Bitcoin ( BTC ). “It’s high time that our president started accumulating assets for the American people, which is what President Trump is doing rather than taking it away. I’ve been asked all the time, it’s like how much do you want, right? I mean, as much as we can get.” Bo Hines, executive director of the White House’s presidents council of advisers on digital assets You might also like: Over 50% of Americans sold gold and stocks to buy Bitcoin, survey shows The administration’s stance on Bitcoin appears to be evolving, though details remain unclear. A few weeks ago, Trump signed an executive order establishing a U.S. Strategic Bitcoin Reserve. Lawmakers, including Senator Cynthia Lummis and Congressman Nick Begich, have since introduced proposals for the U.S. to acquire up to 1 million BTC over the next five years. Trump has already signed an executive order to create a Strategic Bitcoin Reserve. As crypto.news reported earlier, the reserve will be funded with Bitcoin seized by the federal government through asset forfeiture, meaning taxpayers won’t bear any cost. White House AI and Crypto Czar David Sacks noted that the U.S. government already holds around 200,000 BTC, though a full audit has never been conducted. The executive order mandates a complete accounting of federal digital asset holdings and prohibits the sale of Bitcoin in the reserve, likening it to a “digital Fort Knox.” Alongside Trump, other key speakers at DAS include Strategy’s Michael Saylor and Bloomberg ETF analyst James Seyffart, who will discuss spot Bitcoin exchange-traded funds and institutional adoption. Read more: Bo Hines: ‘We want as much Bitcoin as we can get’

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