Crypto giants gather at the White House tomorrow, and Trump's new crypto deal is on the horizon

Tomorrow, more than two dozen cryptocurrency executives, investors and prominent figures will gather at the White House Cryptocurrency Summit to chart the future direction of the crypto sector under Trump. The event is likely to be a platform to promote a number of cryptocurrency-related executive initiatives, with multiple options currently under consideration, according to people familiar with the matter. Trump is likely to announce that the government will stop selling cryptocurrencies confiscated in criminal cases and instead use them to build a national reserve, the people said. They also said that Trump may issue an executive order to create a true bitcoin reserve, which is expected to buy more of the digital currency. Another potential proposal would involve the tax treatment of cryptocurrencies and would most likely need to be reviewed and approved by Congress, according to one of the people, who said the actions were still under discussion or could ultimately not be implemented or changed.