Possible Proposals at the Upcoming White House Crypto Meeting

Donald Trump is preparing to host his first-ever cryptocurrency summit at the White House on March 7, an event that has already caused a stir in the crypto market.

Investors are eager to see key announcements, hoping that the summit will address important developments in the crypto sector. Some major updates, such as the launch of a reserve involving XRP, SOL, and ADA, have already been reported. Here are three key things Trump may reveal at the summit:

Clear direction on cryptocurrency regulation

The summit will bring together key figures in the cryptocurrency industry, which could potentially lead to clearer policies and regulations for the sector. Fox Business journalist Eleanor Terrett noted that the event could replace the previously proposed “crypto advisory council.” It could also lay the groundwork for defining digital assets and their future uses.

Zero tax on crypto

A recent post by crypto analyst John Squire suggests that Trump may announce zero taxes on cryptocurrencies during the summit. If true, it could lead to a sharp spike in the price of Bitcoin and positively impact the broader crypto market.

Expansion of the cryptocurrency strategic reserve

Speculation is growing that Trump will announce additional tokens to be added to the US crypto reserve. Trump’s crypto czar, David Sachs, hinted at this with a tweet in which he stated, “There will be more at the summit,” causing excitement about potential new additions to the reserve.