Key Points

Bitcoin will receive a unique status under Trump’s plans, reports say.
The other currencies will reportedly be treated “positively, but differently.”

The US President, Donald Trump, will host a Crypto Summit on March 7, and he will reveal plans for a Strategic Bitcoin Reserve, according to Commerce Secretary Howard Lutnik.

While other digital assets will be included in the country’s crypto reserves, expectations are that BTC will receive a unique status.

BTC to Receive a Special Status in the US Crypto Reserve

In an interview with The Pavlovic Today, Commerce Secretary Howard Lutnik said that Trump is expected to announce an important shift in crypto policy this week during the upcoming Crypto Summit, scheduled for this Friday at the White House.

Lutnik said that Trump will reveal his vision for Bitcoin and plans for general crypto regulations. He highlighted that Trump confirmed the Bitcoin Strategic Reserve in the US and the issue that remains is how the administration will handle the other digital assets included in the reserve.

Lutnik also highlighted that Bitcoin would receive a “unique status” in Trump’s plans, and the other digital assets would be treated differently, but “positively.”

Trump Announced a US Crypto Reserve on March 2nd

Last Sunday, Trump announced via his Truth Social account that the US will have a Crypto Reserve which will include Cardano (ADA), Solana (SOL), and XRP. Following the announcement, he also mentioned Bitcoin and Ethereum, saying that he loves these projects and they will also be included in the Reserve.

Following his announcement, Eric Trump, his son also mentioned his father’s posts, saying that traditional finance should catch up or become extinct.

Trump has shown his support for Bitcoin during his Presidential campaign in 2024 and promised a Strategic BTC Reserve in the US.

This is why many voices in the crypto industry have been commenting on his picks for a Crypto Reserve that would include more digital assets apart from BTC, according to his recent announcement.

Meanwhile, Trump’s son, Eric Trump has been advising followers to “buy the dip” during the recent BTC crashes, and “hold” BTC.

It remains to be seen what Trump’s plans are regarding the upcoming Bitcoin/Crypto Reserve in the US.

Trump to Host Crypto Summit on March 7

This Friday Trump will host a Crypto Summit that is reportedly scheduled from 1:30 PM to 5:30 PM ET, and important names will be attending the event, including Michael Saylor, crypto exchanges’ CEOs, and others, according to Fox Business journalist Eleanor Terret.

The event will be chaired by David Sacks and Bo Hines, which mirrors an important step of the current administration’s efforts to establish the US as a global leader in digital finance.

The Pavlovic Today spoke to White House officials who confirmed that the upcoming Crypto Summit will serve as a vital forum to discuss the following:

Regulatory clarity
Financial innovation
Economic opportunities the the digital asset landscape

Current US Administration’s Commitment to Crypto

The summit comes after Trump signed Executive Order 14178 during his first week in office, highlighting the current administration’s commitment to responsible growth and use of digital assets.

It’s also important to mention that under the Trump administration, the US SEC dropped cases and investigations into important industry players and also revealed its official stance on memecoins, saying that they are not securities.

More than that, thr White House recently said it supports the resolution to overturn the IRS “Broker DeFi Rule,” an “attack on the crypto community” by the Biden Administration, as highlighted by the AI and Crypto Czar, David Sacks.