A New Chapter in US Crypto Policy

On March 7, 2025, the White House hosted its first-ever crypto summit,an event that many see as a turning point for cryptocurrency policy in the United States. US President Donald Trump, who had promised to make the US the “crypto capital of the planet,” used the summit to show strong support for digital assets by signing an executive order to establish two major reserves: a Strategic Bitcoin Reserve and a US Digital Asset Stockpile.

This move is part of a broader push by the current administration to adopt a friendlier approach to crypto, reversing several policies from the previous administration. Here is a simple overview of what happened and why it matters.

Key Highlights of the Summit

Executive Order for Reserves

US President Trump’s order creates:

• Strategic Bitcoin Reserve: About 200,000 bitcoin (worth roughly 17 billion USDC), all seized through legal actions in the past. The plan is to hold these coins long-term, following a well-known Bitcoin mantra: “never sell your bitcoin.” Trump wants the government to find “budget-neutral” ways of getting more bitcoin later on, meaning they will not use new taxpayer money.
• US Digital Asset Stockpile: This includes other major cryptocurrencies such as ethereum (ETH),