US President Donald Trump could reportedly sign an executive order to create a Bitcoin reserve during the White House Crypto Summit on March 7.
Such a reserve would be expected to buy more Bitcoin
However, a range of options for what could be several crypto-related executive actions are still being considered. Trump could also announce that the US will stop selling crypto it has seized and use it to seed a national crypto stockpile.
One possible proposal could also affect the tax treatment of crypto, which may need review and approval from Congress.
However, Trump’s possible actions are still under discussion and might not happen or change, Bloomberg reported.
Related: Trump’s World Liberty bought $20M worth of crypto ahead of March 7 summit
Trump signed an executive order in January creating a working group under White House AI and crypto czar David Sacks to evaluate “the creation of a strategic national digital assets stockpile.”
On March 2, Trump posted to his social media platform Truth Social that the crypto reserve would include XRP
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