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MARCH 7, 2025 Trump is pushing forward with his plans to create a “Crypto Strategic Reserve.”
Strategic #Bitcoin Reserve to be announced at White House Crypto Summit on Friday, U.S. Commerce Secretary Howard Lutnick says.
US COMMERCE SECRETARY HOWARD LUTNICK SAYS STRATEGIC
#BITCOIN RESERVE “WILL BE ANNOUNCED” AT TRUMP WHITE HOUSE SUMMIT
“OTHER TOKENS WILL BE TREATED POSITIVELY BUT DIFFERENTLY.”
Jack Mallers says, “A U.S. #Bitcoin strategic reserve is the biggest economic announcement since 1971.”
FORMER MORGAN STANLEY BANKER MICHAEL GRIMES EXPECTED TO LEAD NEW U.S. SOVEREIGN WEALTH FUND, SOURCES SAY
U.S. SOVEREIGN WEALTH FUND TO BE FINANCED BY TARIFFS IMPOSED ON FOREIGN COUNTRIES, SOURCES SAY
Industry folks confirmed are attending the White House Crypto Summit on Friday. Members of the Presidential Working Group on Digital Assets will also be in attendance. A larger industry reception will take place after the roundtable concludes at 5:30PM.
@vladtenev, @RobinhoodApp CEO
@arjunsethi, Kraken CEO
@saylor, @MicroStrategy Founder and Executive Chairman
@brian_armstrong, @coinbase CEO
@SergeyNazarov, co-founder of @chainlink
@KyleSamani, Managing Partner at @multicoincap
@ZachWitkoff, co-founder of @worldlibertyfi
@jprichardson, @exodus CEO
@matthuang, co-founder of @paradigm
@DavidFBailey, CEO of @BitcoinMagazine
@bgarlinghouse Ripple CEO he is part of the “inner circle” a.k.a. the aforementioned “Presidential Working Group on Digital Assets.”
Ripple is proud to support the launch of the National Cryptocurrency Association (@NatCryptoAssoc). And a new enemy of Bitcoin is born The “National Cryptocurrency Association”.
XRP army in disbelief.
Ripple sells XRP as revenue, an operating cash inflow.
It’s not financing, you are not investing in Ripple, you’re just getting tokens created out of thin air dumped on you. Ripple doesn’t owe you anything post-sale.
Pierre Rochard e @BitcoinPierre
XRP isn’t a security because Ripple doesn’t actually owe you “utility” or anything else. They are free to dump on you and you have no right to do anything about it other than join them in dumping XRP. That’s why XRP is not a security.
@JoeIKatz David “JoelKatz” Schwartz
100% correct. IMO, Ripple can, will, and should act in its own interest. You should not expect Ripple to act in your interest to the detriment of its own interest or those of its shareholders.
Alex Gladstein @gladstein
As the hordes of altcoin issuers descend upon DC to try to convince POTUS to let them dump their bags on the American taxpayer, it’s worth noting that BTC will over time force government adoption and compliance with no central foundation, no pre-mine marketing budget, no airdrops.
Texas Strategic Bitcoin Reserve bill has been placed on ‘notice of intent’ IT COULD BE THE 1st STATE TO BUY BTC. ‘notice of intent’ for Wednesday, 5 March. Meaning it can be voted on tomorrow.
@coryklippsten
12 “crypto industry” names. Should be at least 7/12 from Bitcoin-Only by non-usd market cap, and 12/12 based on utility, but there’s only Saylor on the list.
“Bitcoin is the only digital asset that makes sense in a U.S. strategic reserve and it’s just a matter of time before the Trump admin realizes this.”
Vijay Boyapati@real_vijay
Given Bitcoin’s deep dominance (in terms of market capitalization), this list of visitors to the White House, massively underrepresents the US population’s interest in Bitcoin and woefully overrepresents its interest in shitcoins @DavidSacks.
Unrealised Losses By U.S. Banks Soar to Nearly $500 Billion.
US banks’ unrealized losses hit $482.4B, surging $118.4B last quarter — This is 6-7x worse than the Great Financial Crisis.
The Current State Of The IRS Broker Rule
A summary of the current state of the IRS Broker Rule, declaring non-custodial front-ends for smart contracts brokers for reporting requirements.
https://bitcoinmagazine.com/legal/the-current-state-of-the-irs-broker-rule
Trump’s political operation is charging $1 million for access to Trump.
https://www.axios.com/2025/03/04/trump-maga-inc-fundraiser-cost
It’s unusual for a termed out president to keep doing this much fundraising…but it’s totally unprecedented for the president to hold fundraising events at his own businesses.
‘LET IT SLIP” discord rumor
@EricTrump and @DavidFBailey just let slip in their discord channel that they are looking to possibly announce Friday that there will be no capital gains tax on American based crypto currencies if held for more than 1 year.
ECP NetHappenings Bitcoin Reserve Announcement
ECP NetHappenings 5 reasons US Crypto Strategic Reserve holds assets
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