Latest news on March 7: 'President Trump signs an executive order to establish a Bitcoin strategic reserve.'

President Trump has promised to establish a Bitcoin strategic reserve and a digital asset reserve. These promises have already been fulfilled.

This executive order highlights President Trump's determination to make the U.S. the 'world's cryptocurrency capital.'

Given the complex situation currently facing the cryptocurrency industry, the summit is definitely not a simple matter of benefits and drawbacks.

It reflects the U.S. government's attitude towards the cryptocurrency industry and seeks to use a specific industry or a force that cannot be ignored to achieve the business layout of 'making America great again.'

Retail investors and individuals will certainly focus only on beneficial price increases, aiming to profit from contracts.

Today is March 7, 2025, and the White House is hosting the first encrypted summit.

This summit is led by the U.S. government, with President Trump personally participating and delivering a speech, and U.S. AI and cryptocurrency advisor David Sacks also promoting the event.

The encrypted summit marks a high intersection between the cryptocurrency industry and political power, possibly signaling significant changes in regulatory policies, industry direction, and even the global market landscape.
For an industry that has long existed in a regulatory gray area, such high-level intervention is both an opportunity and a significant source of uncertainty.

In plain language, it means that when the government directly intervenes in an industry, one must observe what the final version of the government's policy decisions looks like.

Politicians like Trump, who are accustomed to grandstanding, can change their stance frequently, leading to confusion.

The announcement made a couple of days ago regarding ADA/XRP/SOL stirred up the industry, causing drastic fluctuations in coin values. This is clear proof.

Therefore, the U.S. cryptocurrency strategic reserve asset mentioned by the Trump administration should be viewed objectively, as the entire industry is waiting for this list to drive up prices.

On the flip side, isn't this just a common trick of the industry's Ponzi operators?

The cryptocurrency industry is currently experiencing unprecedented turmoil.

On February 21, the Bybit exchange was hacked, losing $1.5 billion, leading to a plunge in Ethereum prices and dragging down the market. This security crisis has weakened market confidence, and the summit may discuss how to respond to similar incidents, such as strengthening regulation of centralized exchanges or promoting strategic reserve plans.

These policies may benefit some industry participants, but they may also pose a threat to projects and platforms that rely on free development, creating a situation where 'winners take all and losers are eliminated.'

Policies are always biased—meaning there are both benefits and drawbacks; if some people benefit, there will inevitably be others who are disappointed.

Trump's policy bias has a huge impact on cryptocurrencies outside the U.S. Conflicts of interest and polarized positions will undoubtedly intensify the atmosphere of 'blood and gore.'

The summit has 25 mysterious seats, inviting industry leaders, but the specific list is unclear—there is speculation online, raising the mystery of who can represent the industry and who will be marginalized.

At the same time, discussions on X reveal that some believe the Trump administration intends to use the cryptocurrency industry as a political tool or 'ATM,' siphoning off liquidity rather than genuinely promoting healthy industry development. This view could lead to divisions within the industry—between the 'pro-crypto faction' supporting the government and the 'decentralization faction' advocating for independent development, potentially evolving into intense competition.

This White House cryptocurrency summit has attracted significant attention within the industry; almost every trader, investor, project operator, technician, and enthusiast is highly enthusiastic and focused on the summit. Meanwhile, the White House's policies and Trump's speeches are triggering a global financial tsunami!

If the U.S. launches a cryptocurrency strategic reserve plan or clarifies the regulatory framework, it could have a demonstrative effect on the global market and even reshape the power dynamics of digital assets. For organizations reliant on cryptocurrency fundraising (such as certain multinational groups) or countries attempting to break the dominance of the dollar (like Iran), this could pose a survival threat; whereas for investors optimistic about compliance, this is a positive development.

The cryptocurrency summit may seem like just a barometer for the industry, but its essence is a battleground of politics, capital, and ideas. The industry may thus welcome a rebirth or suffer heavy losses amid differentiation and reshuffling.

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