1. Home
  2. Coin Telegraph
  3. Trump’s commerce secretary hints at Bitcoin-only strategic reserve
Trump’s commerce secretary hints at Bitcoin-only strategic reserve

Trump’s commerce secretary hints at Bitcoin-only strategic reserve

0

Source: Coin Telegraph

Howard Lutnick said Bitcoin will likely be treated differently than the other assets tipped to be in the US crypto reserve.

US Commerce Secretary Howard Lutnick has confirmed that the Trump administration will unveil plans for a strategic Bitcoin reserve at the upcoming White House Crypto Summit on March 7.

In an interview with The Pavlovic Today, Lutnick clarified that Bitcoin (BTC) will likely have a special status in the country’s national cryptocurrency reserve, which will include Ether (ETH), Solana (SOL), Cardano (ADA) and XRP (XRP).

“The president definitely thinks that there’s a Bitcoin strategic reserve,” Secretary Lutnick said. “Now, there will be the question of, how do we handle the other cryptocurrencies. And I think the model is going to be announced on Friday when we do that.”

Read more

Go to Source
Author: Sam Bourgi