#Reservaestrategica 'The announcement of the Strategic Bitcoin Reserve has eased the market', according to Coinbase

The Crypto Summit at the White House and the announcement of the executive order confirming the creation of a Strategic Bitcoin Reserve have alleviated recent market tensions, according to Flavio Plein, Regional Manager Director Americas of Coinbase.

Fabio Plein, Regional Manager Director Americas of Coinbase, shared his optimism with Cointelegraph in Spanish regarding the new U.S. administration's provisions for the blockchain industry.

"The executive order confirming the creation of a Strategic Bitcoin Reserve is another step that demonstrates the Trump administration's commitment to advancing the crypto industry globally," Plein stated.

Regarding the recent decline of the crypto market following the Crypto Summit at the White House on March 7, and despite industry expectations, Plein pointed out that:

Recent geopolitical tensions, tariffs, and concerns about U.S. economic growth have overshadowed positive idiosyncratic developments for the industry, but the Crypto Summit at the White House and the announcement of the executive order confirming the creation of a Strategic Bitcoin Reserve have alleviated these tensions.