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Big News: Lutnick Confirms Bitcoin Strategic Reserve Will Be Implemented on March 7
President Donald Trump is preparing to announce a major change in cryptocurrency policy this week, including plans for a strategic Bitcoin reserve fund. This move, confirmed by Commerce Secretary Howard Lutnick, is part of a broader strategy to manage and position the United States as a global leader in digital assets. In an interview with The Pavlovic Today, Lutnick said, 'The president definitely thinks that there is a strategic Bitcoin reserve fund. The strategic Bitcoin reserve fund is something that the president cares about. He has talked about all of that throughout the campaign process, and I think you will see it implemented on Friday. So, Bitcoin is one thing, and then other currencies, other cryptocurrencies, I think, will be treated differently—positively, but differently.' This announcement comes after Trump outlined his position on the US cryptocurrency reserves in a post on Truth Social. The White House cryptocurrency summit, scheduled for Friday, will be a key event in the government's efforts to create clarity on regulation and promote financial innovation in the cryptocurrency space. This summit complies with Executive Order 14178, signed in Trump's first week in office, committing his administration to responsibly grow and utilize digital assets. The summit will bring together key figures from the cryptocurrency industry to discuss the future of regulations and economic opportunities in the digital asset space.