Howard Lutnick: Trump is very interested in Bitcoin strategic reserves, other tokens may receive different treatment
The U.S. crypto reserve may be announced at the first White House crypto summit on Friday, said U.S. Commerce Secretary Howard Lutnick. He stated that Trump is very interested in a Bitcoin strategic reserve, and other tokens might receive different treatment. Under Trump's plan, he revealed that Bitcoin will have a "unique status".
Howard Lutnick added: The Bitcoin strategic reserve is something the President is interested in. He talked about it during his campaign, and I think you'll see it implemented on Friday. So Bitcoin is one thing; other currencies, other crypto tokens - I believe they will get different treatment - positive but different" (Theblock).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Today's Fear and Greed Index remains at 28, indicating a level of fear.
"1011 Insider Whale" closed a 5x short position of 5,000 ETH, earning approximately $55,000 in profit.
ETH ICO address transfers nearly $120 million worth of ETH to a new wallet after 10 years
Trending news
MoreCrypto prices
More
