A quick overview of key information from the White House Crypto Summit: New ways to accumulate Bitcoin, stablecoin legislation to ensure the dominance of the US dollar

The encryption summit, which the White House announced a week in advance, was officially held at the White House on March 8.

During this week, the crypto market has seen multiple market movements under the performance of US President Trump. There have been social media posts announcing SOL, XRP, ADA, BTC, and ETH as US crypto reserves, warm-up of crypto summit guests, and the issuance of an executive order on "Strategic BTC Reserve and US Digital Asset Reserve".

Because many key information of the White House Crypto Summit was revealed in advance by Trump's executive order, the amount of new information at this White House Crypto Summit was not much. Therefore, during the summit, the price of Bitcoin fell from $90,000 to around $86,000.

In this article, Golden Finance summarizes some important information about the White House Crypto Summit as follows:

Trump's speech: Explore new ways to accumulate more Bitcoin and speed up the legislation of US dollar stablecoin

I know many of you have been struggling with this for years.

I pledged to make America the world’s Bitcoin superpower and the global cryptocurrency capital by 2024, and we are taking historic actions to make that promise a reality.

The Bitcoin Reserve will become a virtual Fort Knox for digital gold kept by the U.S. Treasury.

My administration is working to end the bureaucracy’s “Operation Chokepoint 2.0” war on cryptocurrency.

The federal government is already one of the largest holders of Bitcoin, having acquired up to 200,000 Bitcoins through civil and various other laws and enforcement actions, and these current holdings will form the basis of the new reserve. Unfortunately, in recent years, most of the BTC was sold during the Biden administration.

Starting today, the United States will follow a very clear principle: never sell your Bitcoin.

The government is currently setting up a list of crypto assets, and the crypto assets held will be stored in a new US digital asset library and properly managed. I also want to express my strong support for the efforts of lawmakers and Congress as they are working on bills to provide regulatory certainty for the US dollar stablecoin and digital asset markets . They are working very hard on this. This is a huge opportunity for economic growth and innovation in our financial sector.

The Departments of Treasury and Commerce will explore new ways to accumulate more Bitcoin for the crypto reserve, without costing taxpayers anything. I am ordering federal agencies to inventory the digital assets currently held by the U.S. government and determine how to transfer them to the Treasury Department, where they will be held in a new U.S. Digital Asset Reserve.

The hope is to pass stablecoin legislation before the August recess, as well as advance federal government regulatory reforms on cryptocurrencies, hoping that the U.S. dollar will "remain dominant for a long time."

Treasury Secretary Scott Bessant: Deep thinking on stablecoin regimes

We will think deeply about the stablecoin system. As President Trump has directed, we will maintain the United States' position as the world's leading reserve currency, and we will use stablecoins to achieve this. Technology is the foundation of the Trump administration and will use technology to move the United States forward.

The Trump administration will end the “regulatory weaponization” of digital assets.

We will position the United States as a leader in the digital asset strategy space. It is important that the United States recognizes this fact and stays ahead of other countries in the digital age.

I intend to work with agencies and regulators, including the Office of the Comptroller of the Currency and the IRS, to update and revise prior guidance.

U.S. Commerce Secretary Howard Lutnick: Using Bitcoin, Digital Assets, and Blockchain to Move America Forward

Technology is foundational to the Trump presidency. This administration will use Bitcoin, digital assets, and blockchain to move America forward and remain a global economic leader. I am proud to join President Trump and other leaders in the cryptocurrency space to move our country forward in this new arena.

MicroStrategy CEO Michael Saylor shares document: $60-100 trillion in benefits to repay national debt

Topic: Digital asset strategy for the 21st century global economy.

Preface: With the right digital asset framework, policies, and leadership, we can unlock the economy, empower businesses, stimulate the traditional economy, and repay the national debt. The economic benefits to the United States over the next decade will be $60-100 trillion. The spiritual benefits will be huge and lasting.

Digital Assets - Creating a Sound Framework to Catalyze the Crypto Renaissance

A proper digital asset framework can eliminate unnecessary confusion, conflict and controversy while balancing competition, cooperation and capital creation. A streamlined social, economic model and regulatory category system that can easily integrate the traditional financial system, is intuitive and applicable to digital asset classes, and is the guarantee of the economy. This structure must be elegant to enable capital creation and innovation, accommodating billions of people and millions of companies.

1. Digital Tokens – Assets with an issuer, backed by digital utility, for commodities, for capital efficiency.

2. Digital securities – have an issuer’s assets and are backed by securities or commodities.

3. Digital Currency – Assets with an issuer, backed by currency, used for digital commerce and USD hegemony.

4. Digital commodities – assets without issuers, backed by digital power for capital preservation.

Vision: Unleash the power of the crypto industry and promote global economic development

Millions of American businesses, artists, influencers, and institutions can issue digital tokens through digital exchanges and quickly enter the capital markets.

Thousands of stocks, bonds, ETFs, and commodities can be issued as digital assets that circulate across global computer networks and mobile devices.

A digital currency issued by U.S. companies would ensure that the dollar remains indispensable in global trade, making U.S. assets a world financial leader.

Bitcoin, the dominant digital commodity, will become the global standard for capital preservation and appreciation, attracting billions of dollars in capital flows, with the United States being the primary beneficiary.

Principles: Become the world's banker by revitalizing capitalism and property rights

• The issuer must have the authority to create and issue assets without prior approval from regulators.

• Exchanges should have the power to custody, trade, and transfer digital assets seamlessly between customers and other exchanges.

• Owners should have the right to keep, trade and transfer their assets freely.

• All market participants must adhere to: Fair disclosure. Ethical behavior. Commitment to avoid conflicts of interest.

• No one has the right to engage in fraudulent behavior, and everyone is held civilly and criminally liable for their actions.

• The industry should be responsible for disclosure and compliance to allow the market to function organically.

• Digital assets should flow freely across the internet, as fast as computing processes allow, without being hindered by censorship or regulation.

• By building superior financial protocols, the United States can lead the world in digital finance, attract global capital, and lay the foundation for the future economy.

The imperative is to end the cryptocurrency war and promote the digital transformation of the economy

• Hostile and unfair tax policies on crypto miners, holders, and exchanges hinder industry growth and should be eliminated, along with arbitrary, capricious, and discriminatory regulations.

• The government should encourage and support major banks to custody, trade and finance Bitcoin assets. Cryptocurrency industry participants should not be tolerated to be separated from banks.

• For the industry to reach its full potential, it needs to be recognised as legitimate and treated fairly by traditional banking, insurance and financial institutions, as well as government agencies.

Opportunities: U.S. economic transformation and development in the next decade

1. Digital Tokens - Expand the capital base of American companies by $10 trillion to dominate global products and services. We export our ideas to the world.

2. Digital Security - Growing the value of U.S. securities by $20 trillion and establishing a leading position in global equity, bond and derivatives markets. We export securities around the world.

3. Digital Currency - Increase the US national debt by $10 trillion and consolidate dominance in global banking, credit and currency markets. We export our currency around the world.

4. Digital goods - increase the US long-term capital assets by $20 trillion and improve the wealth of American families and businesses. We export our values ​​to the world.

Strategic Bitcoin Reserve - Winning the Race to Dominate Cyberspace and Control the Future

1. Acquire 5-25% of the Bitcoin network trust for the nation through continued programmatic daily purchases between 2025 and 2035, by which time 99% of all BTC will have been issued.

2. The Strategic Bitcoin Reserve (SBR) has the potential to create $16-81 trillion in wealth for the U.S. Treasury by 2045, providing a viable way to offset the national debt.

3. Never sell your Bitcoin! By 2045, the Bitcoin reserve should be generating over $10 trillion in revenue per year and continue to grow, providing a permanent source of prosperity for future generations of Americans.

Conclusion — Call to Action

The time to act is now. By embracing digital assets and fostering innovation, the United States can secure its place as a global leader in the 21st century economy. Policymakers, regulators, and industry leaders must collaborate to build a regulatory framework that fosters responsible growth while ensuring market integrity. A strong, forward-looking strategy will unlock trillions of dollars in economic value, strengthen national security, and position the United States as the undisputed leader in the digital age.

Ripple CEO: Achieving regulatory clarity through congressional action, as well as BTC reserves and crypto reserves

In the crypto space, some weeks feel like months... There has been a lot of discussion about the crypto agenda that has and will be prioritized by the White House - most importantly, regulatory clarity through congressional action, as well as BTC reserves and crypto reserves, supporting stablecoin innovation backed by US Treasury bonds, and more. I am very happy to see the strong support from this administration. We will bring the industry together to promote much-needed legislation in the United States.

Gemini Co-Founder Tyler Winklevoss: The U.S. Now Has a Strategic Bitcoin Reserve

A year ago, this was thought impossible. The United States now has a strategic Bitcoin reserve, starting with 200,000 BTC (pending audit). Thank you Donald Trump and David Sacks for your leadership and for keeping your promises. This is America First.

Some other developments during the White House Crypto Summit

FIFA President announces 'FIFA Coin' initiative

FIFA President Gianni Infantino announced the "FIFA Coin" plan at the White House Crypto Summit, hoping to launch its own cryptocurrency, aiming to take advantage of football's $17 billion industry and 5 billion fans worldwide, and will invite cryptocurrency experts to work together to help realize the project.

OCC: Federally regulated banks can engage in crypto custody and certain stablecoin activities

The U.S. Office of the Comptroller of the Currency (OCC) issued a new letter announcing the withdrawal of Interpretative Letter No. 1179 issued on November 18, 2021, and reiterated that the crypto asset custody, distributed ledger and stablecoin activities discussed in the previous letter are permitted.

The OCC confirmed in the letter: “Federal banks and federal savings associations may engage in crypto asset custody, certain stablecoin activities, and participate in independent node validation networks.”

Rodney E. Hood, Acting Comptroller of the Currency, said: “The Office of the Comptroller of the Currency expects banks to implement the same strong risk management controls to support new banking activities as they do in traditional banking.”

The agency also said it was also withdrawing a requirement for institutions to implement restrictive controls before engaging in encryption activities.

Bloomberg: Gemini has confidentially filed for a US IPO

People familiar with the matter revealed that the crypto trading platform Gemini has secretly submitted an IPO application in the United States and is working with Goldman Sachs and Citigroup. Whether the IPO will be carried out in the end is still undetermined. This move occurred after the U.S. Securities and Exchange Commission (SEC) terminated its investigation into Gemini and did not take any action. In addition, Gemini also reached a $5 million settlement with the U.S. Commodity Futures Trading Commission (CFTC) in January this year on a lawsuit.