U.S. President Donald Trump is set to unveil “significant” policy changes regarding cryptocurrencies, including plans to establish a Strategic Digital Asset Reserve (SBR), at a White House summit on March 7. This was revealed by Commerce Secretary Howard Lutnick in an interview with The Pavlovic Today.

According to Lutnick, Bitcoin will receive a “special status” under Trump’s plans, while other cryptocurrencies will be treated “positively.”

Officials described the crypto summit as a key platform for discussions on regulatory clarity, financial innovation, and economic opportunities in the evolving digital asset sector.

On March 2, Trump mentioned the potential inclusion of SOL, XRP, and ADA in the SBR alongside Bitcoin.

Following this, March 4 saw an hourly inflow of 193 million XRP, according to CryptoQuant analysts. Most of these funds came from whales making transactions of 1 million XRP or more.

Trump’s Crypto Strategic Reserve plan briefly lifted Bitcoin 10%, Ethereum 13%, and XRP 34%.

But traders rushed to sell, flooding exchanges with 6,739 Bitcoin per hour and 300,000 Ethereum inflows.

Prices fell, leaving Bitcoin and Ethereum down 9% and 14%. pic.twitter.com/03Rr9ar4Cq
— CryptoQuant.com (@cryptoquant_com) March 4, 2025

At the same time, daily incoming Bitcoin transactions doubled from 500 BTC to 1,000 BTC, peaking at 6,739 BTC. The inflow of ETH to exchanges surged to 300,000 coins per hour.

Experts attribute this activity to investor intentions to sell assets, as large token reserves are typically held in cold wallets.

While the increased activity briefly pushed prices higher, the trend was short-lived. Analysts noted that real demand for cryptocurrencies had been declining for months and remains in a stagnation phase.

Previously, Euro Pacific Capital president and longtime Bitcoin critic Peter Schiff urged Congress to investigate Trump’s actions, calling them “the biggest crypto scam in history.”