President Donald Trump is set to deliver a video speech at the Digital Asset Summit in New York, planning to announce new crypto policy initiatives by his administration. This marks the first time a sitting U.S. president addresses a cryptocurrency conference.
Trump to Announce U.S. Strategic Bitcoin Reserve
President Trump will deliver his address at 10:40 a.m. Eastern Time via video stream on X and YouTube. A key focus will be the introduction of the 'Strategic Bitcoin Reserve' initiative aimed at cementing Bitcoin's role in the U.S.'s financial plan. Bo Hines from the White House's Digital Asset Advisory Committee highlighted the administration's drive to accumulate Bitcoin.
Experts: Global Digital Asset Strategy Could Reshape Regulations
Experts suggest the U.S.'s strategic move could influence global digital asset regulations. The potential impact might lead other nations to consider similar strategies, significantly altering the regulatory landscape worldwide.
Comments and Expectations from the Industry
Industry leaders, including Michael Saylor and Brad Garlinghouse, have expressed keen interest in these developments. Bitcoin is currently trading at $28,450, having experienced a fluctuation near the $29,000 resistance level. Analysts note that while momentum stalls, the market reflects neutral conditions with a Relative Strength Index of 53%.
President Trump's address at the Digital Asset Summit and the announcement of the Bitcoin reserve strategy highlight the importance of digital assets in U.S. economic policy and their potential impact on global regulation.
