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On March 7, 2025, a landmark cryptocurrency summit was held at the White House, unveiling significant steps for the sector. The Trump administration announced the removal of regulations over banks and the establishment of a government-backed Bitcoin 
$107,407 reserve. Additionally, a comprehensive plan was shared, which includes assets such as Ethereum 
$2,447 and XRP.
Trump’s Remarks on Banking Regulations
In his speech at the summit, Donald Trump highlighted that stringent rules on banks have stifled the cryptocurrency sector. He emphasized that eliminating current regulations would allow financial institutions to operate more flexibly in digital asset transactions. Notably, he indicated that legislation concerning stablecoins would be clarified before the summer recess.
Representatives from companies like Ripple 
$2, Coinbase, and Gemini attended the summit. Participants expressed that easing regulations would position the U.S. ahead in global competition. Trump’s remark, “Never sell your Bitcoin,” drew attention, signaling a fundamental shift in government cryptocurrency policies.
Government-Backed Bitcoin Reserve and Criticism
The U.S. government announced plans to create a reserve from confiscated cryptocurrencies. This reserve, supported by assets seized in criminal cases, is expected to contribute to the growth of the digital economy. It was stated that the reserve would later be expanded to include assets like Ethereum, Solana 
$141, and Cardano 
$0.556366.
Economist Peter Schiff harshly criticized these decisions, labeling them a “national disgrace.” He argued that the government’s investment in cryptocurrencies is risky. Nevertheless, the administration emphasized that the reserve is funded through non-tax sources while maintaining the flexibility of its policies.
