Trump to Announce Major Overhaul of Cryptocurrency Regulation at White House Summit

U.S. President Donald Trump is set to announce a «significant» shift in cryptocurrency policy, which includes plans for the establishment of a Strategic Digital Asset Reserve (SBR) during a summit at the White House on March 7. This was revealed by Commerce Secretary Howard Lutnick in an interview with The Pavlovic Today.

According to Lutnick, Bitcoin will receive «special status» under Trump’s plans, while other cryptocurrencies will be treated «positively.»

The upcoming crypto summit is expected to be a crucial platform for discussing regulatory clarity, financial innovation, and economic opportunities within the burgeoning digital asset sector, officials stated.

On March 2, Trump indicated the potential inclusion of SOL, XRP, and ADA in the SBR alongside Bitcoin.

In related developments, on March 4, there was a notable influx of 193 million XRP, according to analysts from CryptoQuant. Most of the funds came from whales conducting transactions of 1 million XRP or more.

Simultaneously, the volume of incoming Bitcoin transactions surged from 500 BTC to 1,000 BTC, peaking at 6,739 BTC. The influx of ETH to exchanges also rose to 300,000 coins within an hour.

Experts attribute these movements to investors’ intentions to sell assets, as significant quantities of tokens are typically stored in cold wallets.

This increased activity drove prices up, but the trend did not sustain itself for long. Analysts noted that actual demand for cryptocurrencies has been declining for several months and now remains stagnant.

Additionally, on March 3, Peter Schiff, president of Euro Pacific Capital and a Bitcoin critic, urged Congress to initiate an investigation into Trump’s actions, which he labeled «the largest crypto scam in history.»