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

President Donald Trump will pronounce comments at the Summit of Digital Assets in New York on Thursday, a few days after the White House reported his interest in Bitcoin storage.

President Donald Trump is expected to contact Digital Asset Summit in New York on Thursday, March 20, marking the first time that an practicing American president spoke at a conference in the cryptocurrency industry. According to a press releaseTrump’s speech is scheduled at 10:40 a.m. in North Javits and is presented in the midst of a growing discussion on the potential participation of the United States government in Bitcoin (BTC).

“It is high time that our president began to accumulate assets for the American people, which President Trump does rather than withdraw it. I have been asked all the time, it’s how you do you want, right? I mean, as much as we can get. “

Bo Hines, Executive Director of the Council of Councilors of the Presidents of the White House on digital assets

The position of the administration on Bitcoin seems to evolve, although the details remain vague. A few weeks ago, Trump signed an executive decree establishing an American Bitcoin reserve. The legislators, including senator Cynthia Lummis and the member of the Congress Nick Begich, have since proposals For the United States to acquire up to 1 million BTC over the next five years.

Trump has already signed a decree to create a Bitcoin strategic reserve. Like crypto.News reported Earlier, the reserve will be funded by Bitcoin seized by the federal government through the confiscation of assets, which means that taxpayers will not bear any cost.

The AI ​​of the White House and the Tsar Crypto David Sacks have noted that the US government already has around 200,000 BTC, although a complete audit has never been carried out. The executive decree requires complete accounting of federal digital asset holders and prohibits the sale of bitcoin in the reserve, comparing it to a “strong digital knox”.

Alongside Trump, the other key speakers of DAS include Michael Saylor of Strategment and the analyst of Bloomberg Etf James Seyffart, who will discuss negotiated Bitcoin and institutional adoption funds.