The head of the US Department of Commerce announced Trump's statement on the creation of a bitcoin reserve.

The President USA Donald Trump will announce the creation of a strategic bitcoin reserve on the White House cryptosample on March 7. This was announced by the American Secretary of Commerce Howard Latnik in an interview with the portal href="https://thepavlovictoday.com/howard-lutnick-reveals-trump-to-unveil-bitcoin-reserve-strategy-at-white-house-crypto-summit/ " target="_blank">Pavlovic Today.

"The strategic reserve of bitcoin is what the president is interested in. He talked about it during the election campaign. I think that on Friday you will see how this will be implemented," the official said.

Also, according to Latnik, Trump will talk about the White House's plans for other cryptocurrencies. The government's attitude towards them will be different than towards bitcoin, but generally positive, the minister noted.

Meme Month: Why Bitcoin Went into Free Fall

All cryptocurrencies collapsed amid the threat of new duties

Earlier, on March 2, Trump announced preparation of the US cryptocurrency reserve, which will be based on Bitcoin and Etherium. He added that he would do everything to turn the United States into the "crypto capital of the world."