The White House pulls the border between Bitcoin and Digital Assets on its first crypto summit in EO
“From that day on, America will usually follow that everyone knows very well in Bitcoin – never sell their Bitcoin.” -Ponsident Donald Trump, 7/7/25 in the first crypto summit of the White House
The President of the United States now recites popular Bitcoin maxims because they refer to the Bitcoin stack of America.
Wild.
It is clear that he received the news that Bitcoin is something completely different from all other digital assets.
He not only proved this from what he said at today’s crypto summit, but also by signing an Executive Order (EO) last night, which set up a strategic Bitcoin reserve (SBR) regardless of a digital asset population.
The strategic Bitcoin reserve
With regard to the SBR, the President said today that the United States is planning to capture Bitcoin, which he has in his possession, in contrast to previous administrations that sold massive sums of it.
“Unfortunately, the US government has sold tens of thousands of Bitcoin (200,000) through estimates that had billions and billions of dollars in the past few years,” said President Trump.
However, the president also announced that members of his administration will pursue paths to collect Bitcoin – without costs for the American public.
“The departments for finance and trade will check new ways to collect additional Bitcoin stocks for the reserve, provided that taxpayers will take place free of charge,” he said.
“We do not want the taxpayers,” he repeated, emphasizing the idea that the US government is planning to collect Bitcoin in a “budget-neutral” way (to borrow the language from the EO of the last night).
Participant
Finance Minister Scott Bessent and the Minister of Commerce Howard Lutnick were present at the summit with about 30 prominent members of the Bitcoin and crypto industry, including the chairman of the strategy, Michael Saylor, Coinbase CEO Brian Armstrong, co-founder of Gemini, Cameron and Tyler Winklevoss and BTC Inc. CEO.
Other members of the Trump administration, including the head of the Small Business Administration, Kelly Loeffler and the Krypto -Zar David Sacks, were also present.
Both sacks and Loeffler praised the pace at which Trump is making progress with Bitcoin and crypto instructions and legislation.
“Your administration moves in technology [startup] Speed, ”said Säcke.
“It is actually faster than any startup that I took part in,” added the risk capital provider, who is known for investing in many tech startups in the course of his career.
Secretary Lutnick vied for the newly discovered knowledge of Bitcoin and Krypto of President Trump and added that the president really came to use the technology.
“Blockchain and Bitcoin technology are an essential part of [the President’s] Think, ”said Lutnick.
“We use blockchain. We use Bitcoin. We will use digital assets [push] Forward, and Donald Trump is the way, ”he added.
Stable coins as money, Bitcoin as a value memory
Before you are too happy about secretary Lutnick, if you talk about “Bitcoin”, please know that with all the Bullisches Bitcoin discussion at the event, no word was used by Bitcoin that was used as money. Instead, it was only referred to as savings technology.
With regard to digital assets that the administration views as money, stable coins are alone.
And secretary imprisoned this message, which was recently promoted both at the first press conference of the United States via digital assets and on the first sub -committee for digital assets on the Summit.
“We are much considered that the StableCoin regime said,” said secretary better. “And as President Trump has instructed, we will keep the USA [dollar] The dominant reserve currency in the world and we will use stable coins for this. “
(And before you go into the breath when reading the curse of secretary, please note that he also drops an absolutely bang of a pro-bitcoin one liner at the event: “President Trump creates assets for the American people, while most of the former presidents have created debt.”)
What was not discussed
In addition, one of the officials on a Summit preview with high -ranking officials from the White House exchanged the rumor that the administration would remove the capital gains tax from crypto sale (which is also applicable if they spend Bitcoin or Crypto) and clearly indicate that the administration has no plans and that the topic is not even fought. (It wasn’t.)
Something else that was not discussed on the summit was whether the Us -Marshalls of the Trump administration had made a proper examination of the Bitcoin and other digital assets available in their care (recently it was reported that they apparently had little idea of what they think). It was also not mentioned, as the government plans to secure the private keys for the Bitcoin, which it kept in the SBR. (I planned to inquire about the latter, but the members of the press who are present at the event were not allowed to ask questions.)
But don’t let us lose here in some of the currently small details.
It was a good day
Instead, let’s take a queue from Brian Armstrong and recognize that today was a good day after many standards.
“It was a fairly historical moment for the crypto industry,” Armstrong told Bitcoin Magazine after the summit was completed.
“President Trump really stayed with this industry. A few years ago, it felt like we had been attacked and some people tried to illegally kill the entire industry. What a change of sea to the White House and the Pro Crypto President of all time, ”he added.
Armstrong also found that he was the next time he passed the legislation in order to concrete some of the positive Bitcoin and crypto initiatives that are started under the Trump administration.
“Congress makes really good progress in stablecoin and market structure legislation and hopefully finally codes this strategic Bitcoin reserve.”
