Commerce Secretary Howard Lutnick reveals President Trump will announce a bitcoin strategic reserve at Friday's White House crypto summit.

A self-styled Wall Street tough guy, Lutnik served as head of brokerage and investment bank Cantor Fitzgerald before being selected by Trump to take charge of everything from imposing trade restrictions to monitoring the weather.

Commerce Secretary Howard Lutnick has reinforced Donald Trump's pro-crypto stance, hinting at major policy shifts set to be unveiled during Friday's White House crypto summit. What Happened: In an interview with The Pavlovic Today on Wednesday,

Commerce Secretary Howard Lutnick said the Trump administration intends to treat Bitcoin "differently" than other cryptocurrencies.

Bitcoin is set to hold a unique status within the crypto reserve, said Lutnick, while altcoins will be treated "positively, but differently."

Bitcoin rebounds after U.S. Commerce Secretary Howard Lutnick hints at possible tariff relief, while Satoshi-era Bitcoin wallets moves $22 million after 14 years.

Jim Cramer says that there is no deal on auto tariffs meaning there is going to be a deal while Commerce Secretary Lutnick says to expect a tariff relief on Canada and Mexico.

As markets braced for the anticipated impacts of Trump's tariffs on Canada and Mexico, major indexes such as the Dow Jones, Nasdaq composite, and S&P 500 ended a sluggish February with a string of late sell-offs.

Trump's planned US crypto reserve will likely consist mostly of Bitcoin despite initial inclusion of altcoins, with Bitwise predicting it will be larger than expected and held long-term.

Trump's Cabinet members hold diverse portfolios with bitcoin, Big Tech stocks, and index funds.

Donald Trump's Commerce secretary Howard Lutnick has said that the US President is scheduled to unveil a strategic bitcoin reserve at the maiden White House crypto summit on Friday. He also stated that there will be discussions over coming up with a regulatory road map for crypto.