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

On March 7th, more than two dozen executives, investors and prominent figures in the cryptocurrency sector will gather at the White House Cryptocurrency Summit tomorrow to chart the future direction of the crypto sector under Trump. According to people familiar with the matter, < b > the event is likely to serve as a platform to promote a number of cryptocurrency-related administrative initiatives , and there are multiple options currently under consideration. According to people familiar with the matter, Trump may announce that the government will stop selling cryptocurrencies confiscated in criminal cases and instead use them to build a national reserve. They also said that < b > 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 familiar with the matter. These actions are still under discussion, and it is possible that they will not be implemented or will eventually change, these people said.