On March 7, 2025, the White House will host its very first Crypto summit. President Donald Trump will chair the summit, and David Sacks will serve as a moderator.
With Trump’s recent movements, many investors predict positive changes. You will find below three things that Beincrypto thinks is the key age of the summit.
Progress towards regulatory clarity
For years, regulatory ambiguity has been a headache for cryptocurrency investors. The previous administration Biden adopted a heavy approach with the dry proceedings targeting industry companies. This has been considered excessively the market, preventing its growth in the United States.
Trump’s cryptocurrency could change this. The summit could describe a simpler legal framework for digital assets, resolve questions such as compliance with exchanges, DEFI regulations and stable management.
David Sacks, a supporter of the stablecoins strengthening the position of the dollar, could put pressure for the legitimate USDC or USDT policies without stifling innovation.
The evidence of this change includes the recent rejection of several legal proceedings against UNISWAP, Kraken, Coinbase and other cryptography societies.
More importantly, the summit would have a very short list of guests, and several great cryptography leaders have already been invited. This suggests that the White House wants to start a direct conversation with these leaders, which could lead to more policy suggestions.
“Other participants confirm the attendance at the top of the cryptography of the Blanche de Friday. Confirmations so far from: Michael Saylor, David Bailey, Matt Huang, JP Richardson. Fox journalist Eleanor Terrett said.
More details on the American crypto reserve
President Trump recently announced his intention to establish a strategic reserve with Bitcoin (BTC), Ethereum (ETH), XRP, Solana (Sol) and Cardano (ADA). This has already had a short -term positive impact on their prices. Consequently, investors who hold these parts are particularly interested.
However, the market lacks detailed information on this strategic reserve. Where will the funding come from? Will he use entered assets or existing treasure authority?
In addition, the size of the fund and the assets could be added to the list could also be discussed at the top of white house cryptography.
The Secretary of Commerce also said that President Trump will unveil the Bitcoin reserve strategy at the summit. Other cryptographic assets will be treated positively but differently.
“The president certainly believes that there is a Bitcoin strategic reserve. Now there will be the question of how to manage other cryptocurrencies? And I think the model will be announced on Friday when we do. The Largeick Secretary told Pavlovic today.
At least, for the moment, this strategic reserve could strengthen the legitimacy of cryptocurrencies, serving as morale for long-term holders.
Tax policy of cryptography
Another potential discussion subject is probably the tax reform of cryptography. For some time now, Trump has suggested the elimination of taxes on capital gains on cryptocurrencies.
The drop in taxes would reduce costs and increase the benefits of individual investors, which would potentially result in reinvestment and an increase in market activity.
In reality, completely eliminating taxes on capital gains is unlikely due to the potential opposition of the congress. However, a lower adjustment, such as prolonging the maintenance periods to reduce taxes, could be more feasible.
The top of the White House crypto takes place in the middle of the uncertainty of the market. The American trade war with other nations heats up more than ever.
Bitcoin fell at $ 82,000 on Monday before recovering at its current level. Now BTC retains $ 90,000 in the middle of speculation of preferential treatment in the Trump cryptography reserve.
If the summit provides positive news, it could reverse the downward trend. On the contrary, this could prolong the sale pressure, which dropped the market.
Consequently, investors should prepare for price volatility. This could be a scenario “buying the rumor, selling the news”, so that users should avoid overesh before the event. Consider your risk tolerance and your investment objectives.
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