The White House draws a line between Bitcoin and digital assets at the first encryption summit of the EO.

“From today’s day, the United States will follow the rules that everyone in Bitcoin knows well. -Donald Trump, 3/7/25 White House encryption Summit

The US president is currently reciting the popular Bitcoin Max in relation to the US Bitcoin stack.

Wild.

It is clear that Bitcoin has received a message different from all other digital assets.

He proved this by signing not only what he said at today’s password summit, but also signing an administrative order (EO) that founded the strategic Bitcoin Reserve (SBR) independently of last night.

Strategic Bitcoin Protection Zone

Regarding the SBR, the president said today that it plans to hold Bitcoin, which is held, unlike the former administration, which the US sold a large amount.

“Unfortunately, in recent years, Trump has sold billions of dollars of Bitcoin (some estimates), worth billions of dollars worth billions of dollars.

The president also said that his executive members would pursue the way to accumulate Bitcoin without costs for the US public.

“The Treasury and Commerce Department will seek new paths to accumulate additional bitcoin holdings for the reserve army if the taxpayer does not cost free,” he said.

“We do not want taxpayers,” he repeated, emphasizing the concept that the US government plans to collect Bitcoin by “budget neutrality” (lending language from EO last night).

participant

Scott Bessent Minister of Finance and Howard Lutnick are the strategic chairman Michael Saylor, COINBASE CEO Brian Armstrong, Gemini He attended a summit with about 30 prominent members of the Bitcoin and encryption industries, including co -founder cameras, Tyler Winklevoss and CEO Bailey.

Other members from the Trump administration, including Kelly Loeffler, the head of small business management and the White House encryption Czar David Sacks, were also attended.

Sacks and LOEFFLER praised Trump’s speed with Bitcoin and Crypto Executive Orders and Legislation.

SACKS said, “Your administration is moving at a startup speed.

Venture Capitalist, famous for investing in many technical startups during his career period, said, “It’s actually faster than the startup I participated in.

Lutnick added that Trump’s new bitcoin and encryption knowledge have been truly accepted by the president.

Lutnick said, “Blockchain and bitcoin technology is the core of the president’s accident.

“We are using a blockchain. We are using Bitcoin. We will move forward using digital assets and Donald Trump is leading the way. ”

Stablecoins as money, Bitcoin as a storage of value

Now, before you are so excited about Lutnick’s use of Bitcoin, know that Bitcoin is not a word when money is invented with all the strong bitcoin conversations in the event. Instead, it was just called savings technology.

Stablecoins alone is alone for digital assets that the administration considers as money.

Bessent has strengthened this message, and most recently, the first subcommittee on the first US press conference on digital assets and the first subcommittee on digital asset hearings.

“We will think a lot about the Stablecoin regime. “As Trump instructed, we will maintain the US (dollar) into a dominant preliminary currency in the world, and we will do so.”

(And before you breathe when you read this article, be careful that before you curse the Bessent minister, he also had an absolutely dropping banker of a professional bitcoin liner at the event.

Unhn the discussion

In addition, one of the civil servants in the normal preview call with the White House officials this morning removed the rumors that the executive would remove the capital gain tax from the sales of encryption (it can be applied when consuming bitcoin or encryption), and that there is no plan to perform the administration, and the theme will not step on the topic in the Summit. (It wasn’t.)

The other thing that was not discussed at the top was whether the US Marshall provided the Trump administration with an appropriate audit of Bitcoin and other digital assets. It was also planned to secure a personal key to Bitcoin, which the government stored in SBR. (I planned to inquire about the latter, but the members of the media who attended the event could not ask questions.)

But here, do not get lost in some of the current minor details.

It was a good day

Instead, let’s line up in Brian Armstrong and admit that today is a good day according to many standards.

Armstrong told Bitcoin Magazine after the summit, “This was a pretty historical moment for the cryptocurrency industry.

“Trump actually brought life into the industry. A few years ago, it felt like we were being attacked, and some tried to kill the entire industry illegally. “The sea is a change in which the sea is invited to the White House and has the most friendly president.”

Armstrong also pointed out that legislation would be passed to embody positive Bitcoin and encryption initiative according to the Trump administration.

“Congress is showing a really good progress on this through Stablecoin and Market Rescue Act, and we hope to systematize this strategic Bitcoin protection area.”