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

BTC$90,401
Bitcoin
Change (24h)
0.04%
Market Cap $1.79T
Volume (24h) $39.13B
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, in comparison to the US hanging on to the BTC it already owns through criminal seizures, Bloomberg reported on March 6, citing people familiar with the matter.

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.

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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

XRP$2.60
XRP
Change (24h)
3.78%
Market Cap $150.08B
Volume (24h) $5.00B
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, Solana
SOL$143.54
Solana
Change (24h)
1.67%
Market Cap $69.84B
Volume (24h) $3.61B
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and Cardano
ADA$0.91
Cardano
Change (24h)
8.40%
Market Cap $32.01B
Volume (24h) $2.03B
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. He later added Ether
ETH$2,216
Ethereum
Change (24h)
1.05%
Market Cap $266.96B
Volume (24h) $14.70B
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and Bitcoin
BTC$90,401
Bitcoin
Change (24h)
0.04%
Market Cap $1.79T
Volume (24h) $39.13B
View More
would be “the heart” of the reserve.

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

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