The White House plans to explain more about its U.S. crypto reserve project at the Crypto Summit starting Friday as written by The Pavlovic Today reports.

Commerce Secretary Howard Lutnick shows in interviews that President Donald Trump supports creating a bitcoin reserve funds which would represent a new national policy regarding digital currencies.

Based on Lutnick”s statement to The Pavlovic Today, The President firmly supports the idea of creating a bitcoin strategic reserve. People will ask about how to treat other digital money types in this design. The model for this initiative will be unveiled on Friday during the announcement.

Bitcoin’s Unique Status: What Lutnick’s Comments Reveal

The financial community and experts wonder if Trump”s idea will give bitcoin a special position following Lutnick”s comments about the matter. The President wants to create a bitcoin strategic store. He mentioned this repeatedly during his presidential campaign and plans to reveal it on Friday according to his statements.

The President plans to grant special favorable status only to bitcoin among other cryptocurrencies. Trump”s team leads the crypto summit through Trump Crypto Advisor David Sacks and Bo Hines who heads the Presidential Working Group on Crypto.

White House to Unveil Bitcoin Reserve at Summit

Several major crypto industry leaders like Michele Saylor from MicroStrategy plus Brian Armstrong from Coinbase will both join the event alongside Chainlink co-founder Sergey Nazarov and Arjun Sethi from Kraken.

After his January executive order Trump announced on Sunday that under the Crypto Strategic Reserve project a working team would move ahead with its development.

Bitcoin Rebounds Above $90K as Investors Await Crypto Summit

The reserve will hold Bitcoin but also include Ethereum, XRP, Solana, and Cardano assets. Digital assets reacted strongly to the news by increasing 70% from their previous week lows and by rallying.

At the news of his new import tariffs against Canada, Mexico, and China on Monday Trump”s announcement caused investors to take a defensive stance. Bitcoin lost more than 10% and Ethereum dropped by over 15% immediately after the market reversed its gains because of the news about the federal reserve.

The administration presents its goals in this plan but people don”t yet understand how the crypto reserve will get its money and come into being. The creation of this reserve needs new laws joined with combined efforts from the US Treasury and the Federal Reserve System.

Experts doubt whether establishing this program could work quickly because of major operational challenges and legal requirements to put it in action.

Bitcoin went up 3.4% on Wednesday after the $90,000 level as market participants looked forward to the Crypto Summit events. Everyone involved in crypto and financial systems wants to understand how the White House will explain its crypto reserve position when it makes its announcement on Friday.