The United States seems to be one step closer to becoming the global cryptocurrency capital.On March 5th, according to &#34;Pavlovich Today,&#34; U.S. Secretary of Commerce Howard Lutnick revealed that Trump plans to announce a Bitcoin strategic reserve at the White House cryptocurrency summit this Friday, which may lay the foundation for the U.S. leadership in the digital asset space.Howard Lutnick's remarks suggest that under Trump's strategic reserve framework, Bitcoin will enjoy a &#34;unique status,&#34; treated differently from other cryptocurrencies. This statement echoes Trump's previous comments on social media, where he stated that the reserve would &#34;elevate this critical industry.&#34; As the summit approaches, Bitcoin's price has rebounded from its lows and is currently above $90,000. <img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/defdcbfc-080c-43d0-82fc-bb12a0d143ab.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/defdcbfc-080c-43d0-82fc-bb12a0d143ab.png"/>The summit on Friday will bring together leaders from the cryptocurrency industry, including Coinbase CEO Brian Armstrong, Kraken CEO Jesse Powell, and MicroStrategy Chairman Michael Saylor.After Trump officially took office in January, he signed several executive orders, including commitments from the Trump administration to improve the regulatory environment for the cryptocurrency industry. The executive orders established a task force responsible for creating a clear market structure and classification of digital assets (such as securities, commodities, collectibles, etc.).Following the Biden administration's strict regulatory policies on the cryptocurrency industry, Trump's goal is to reposition the U.S. as the &#34;world cryptocurrency capital.&#34; Previously, Oskar Aslund, Chief Strategy Officer of European cryptocurrency hedge fund broker AKJ, stated:<blockquote>The strategic reserve is the holy grail of the crypto market, everything that cryptocurrencies can hope for, transforming from some sort of experiment into the U.S. reserve currency.</blockquote>As bipartisan support in the U.S. Congress for Bitcoin and cryptocurrency-friendly legislation increases, Trump's support for the Bitcoin strategic reserve may further solidify its legitimacy globally. This not only represents a significant shift in policy from the Biden administration but also indicates that the U.S. will take a more proactive stance in the global cryptocurrency competition

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Lutnick's remarks suggest that under Trump's strategic reserve framework, Bitcoin will enjoy a "unique status," potentially being treated differently from other cryptocurrencies

- The U.S. is moving closer to becoming the global cryptocurrency hub, with Commerce Secretary Howard Lutnick announcing a Bitcoin strategic reserve at an upcoming summit.  
- This reserve aims to distinguish Bitcoin from other cryptocurrencies and is expected to enhance the U.S. leadership in digital assets, coinciding with a rise in Bitcoin's price to over $90,000.  
- The summit will feature key industry leaders, and Trump's support for the strategic reserve may solidify Bitcoin's legitimacy amid increasing bipartisan support for favorable cryptocurrency legislation.

U.S. Secretary of Commerce says: Trump will announce Bitcoin strategic reserves on Friday