Undoubtedly, March 6 will decrease in the date of encryption as the day when the United States – and in the reality of the world – has reduced bitcoin as a worthy assets. President Donald Trump, less than five days after he mentioned his plans to create a vector and bitcoin reserve, officially signed an executive order that will be established, first and foremost, bitcoin reserves.
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The president creates bitcoin reserves
The reserve is essential and will initially include the BTC seized from the criminal institutions, the deception and the supernatural. Currently, the United States government has more than 198,000 BTC. The government has many NFTS and other symbols, whose accurate numbers will be verified as soon as an official audit is completed.
More BTC will be obtained over the coming years, but the approach will be “neutral for budget”, which means that the strategy that has been determined for implementation by the secretaries and Howard Lutnick will not include the purchase of BTC or other coins, including some of the best coins to buy directly from secondary markets.
This conservative position, away from what traders expected, explains the reason for the decline in encryption prices, as it decreased from its highest levels yesterday, which is about $ 93,000.
Trump signed the executive order less than 24 hours before another historic event. Today, March 7, will host the first encryption summit in the White House.
General details indicate that although the president will host him, he will be headed by David Sachs – Checks of the White House and AI CZAR. Among those attending the attendees, CEO of Ripple Brad Garlinghouse, CEO of Binance Changpeng Zhao, Brian Armstrong from Coinbase, and other CEOs for encryption, founders, investors and organizers.
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What do you expect from the top of the encryption?
Trump is a supporter of rent, and during his campaign, he promised to create an environment that promotes growth and encourages innovation.
The creation of Bitcoin and Crypto shows its intention to achieve one of its many promises.
Therefore, analysts expect discussions at this summit to include talks on the expansion of Bitcoin reserves to include other assets. The clarity about the specific symbols that will add it will be very important, as well as the details about how the government plans to its source.
Earlier, Trump published on the social truth that the government will create reserves including altcoins such as XRP, Ada and Sol. This is among the best encryption for purchase in 2025 and has founders from the United States.
In addition, the industry looks at this summit as an organizational rendering opportunity after the burdens imposed by SEC on encryption companies when Gary Ginsner was responsible.
As part of the president’s executive order, the government will review its digital property. From this, policies may appear in coding detention, as well as more directives on encryption exchange, stablecoins. This is a priority for Trump and bags – Divi.
Discussions are also possible to cover tax incentives to encourage encryption work, especially mining and data centers, to launch them in the United States. This will create job opportunities and generate government revenues. The laws made it clear to benefit companies and reduce the uncertainty that investors and founders used to when Joe Biden was in power.
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President Donald Trump signs the executive order to create the Bitcoin Reserve
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Trump to host the Crypting Top at the White House today, on March 7
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Industry leaders expect clarity, especially on the structure of the encryption reserves. There are probably discussions in regulations, stablecoins, Defi, and taxes on encryption.
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The publication is what can be expected from the top of the White House encryption after the news of the encryption reserve? First appeared on 99bitcoins.