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Donald Trump will hold his inaugural crypto summit at the White House on March 7. The above progress has already surprised the market, and investors hope that this summit will help unveil key developments in the emerging crypto sector. Trump has announced some important news after the summit, including the launch of a crypto reserve composed of XRP, SOL and ADA. Among all these news, here are the three main news that Donald Trump is likely to acknowledge at the upcoming crypto summit.
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Three big things Trump may announce at the upcoming crypto summit
1. Clear stance on crypto regulation and policy making
First, the upcoming crypto summit will be a gathering of industry elites, including founders and CEOs of major crypto companies. This gathering may ultimately pave the way for future crypto policy making. According to Fox Business reporter Eleanor Terrett, this summit will be the first in a series of "meetings aimed at replacing the previously proposed 'Crypto Advisory Council'."
At the same time, this summit may also clarify the management stance on digital assets, simplifying their future use cases.
2. Crypto zero tax
Among the other speculative rumors about X, one key development has caught the attention of all investors. Renowned crypto analyst John Squire recently posted a post on X. His post includes the possibility that Trump may announce a zero tax rate on crypto at the upcoming summit. If this happens, BTC may ultimately hit a new high. In the long run, this could also greatly improve the overall market momentum.
3. Adding more currencies to the strategic crypto reserve
Trump's announcement on X to add a large number of new coins to the US crypto reserve has indeed caused market turmoil. For example, Trump's crypto czar David Sachs shared the news of the US launching a strategic crypto reserve on X, and then said, "There will be more news at the summit."
This statement ultimately sparked a new round of crypto speculation, with Trump potentially considering adding other well-known crypto to the newly launched crypto reserve.
