Gushiken Yona
A detailed plan for a U.S. Crypto Reserve, a key initiative of President Donald Trump, is set for unveiling at the upcoming Crypto Summit, White House AI and Crypto Czar David Sacks confirms.
Sacks’ confirmation, delivered via a post on X on Sunday, followed a series of pronouncements from President Trump on his Truth Social platform. The U.S. Strategic Crypto Reserve is slated to include Bitcoin, Ethereum, and other significant cryptocurrencies.
“President Trump has announced a U.S. Strategic Crypto Reserve consisting of Bitcoin and other top cryptocurrencies,” Sacks wrote. The initiative aligns with Executive Order 14178, signed during Trump’s first week of his second term, aiming to make the U.S. the “Crypto Capital of the World.”
Trump’s U.S. Crypto Reserve Vision
The plan builds upon President Trump’s earlier statements. He emphasized the inclusion of Bitcoin (BTC) and Ethereum (ETH), along with other “valuable Cryptocurrencies,” as central components of the U.S. Strategic Crypto Reserve. Trump’s social media posts framed the Reserve as a move to “elevate this critical industry” after what he described as “years of corrupt attacks.”
The initiative is rooted in Executive Order 14178, signed on January 23, 2025. The order outlines support for “responsible growth and use of digital assets.” The EO explicitly revokes Executive Order 14067 (March 9, 2022), which focused on ensuring responsible development of digital assets. It also directs the Treasury Department to revoke its “Framework for International Engagement on Digital Assets.”
The executive order seeks to protect citizens’ ability to use public blockchain networks. It also promotes U.S. dollar sovereignty via stablecoins, and ensures fair access to banking services. Crucially, it prohibits the establishment of Central Bank Digital Currencies (CBDCs), citing threats to financial stability and privacy.
U.S. Strategic Crypto Reserve Details at White House Crypto Summit
The inaugural White House Crypto Summit is scheduled for Friday, March 7. Sacks, who will chair the summit, announced on X last Friday that the event will gather prominent figures from the crypto industry. Attendees include founders, CEOs, and investors. Members of the President’s Working Group on Digital Assets will also attend.
A White House press release stated that the summit, administered by the Working Group’s Executive Director Bo Hines, will focus on fostering discussions about the future of digital assets in the U.S. The Working Group, established within the National Economic Council, includes officials such as the Secretary of the Treasury, the Attorney General, and the Chairmen of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Within 180 days of the executive order, the group must submit a report to the president. The report should include regulatory proposals. The proposals should focus on the framework governing the issuance of digital assets, the evaluation of a national digital asset stockpile, and the criteria for establishing such a stockpile.
Changpeng Zhao, founder and former CEO of Binance, reacted positively to the news. “It’s a fantastic start of something really good,” Zhao commented on X. He added, “More ‘valuable crypto’ are likely to be added over time. More countries will follow.” He urged the crypto community to remain calm and continue building.
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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
