Bitcoin just took a 9% hit, and the reason? Donald Trump’s push for a national crypto reserve. His proposal, which initially focused on XRP, Solana (SOL), and Cardano (ADA), has stirred up debates about the future of digital assets in the U.S.
But that’s not all—the White House Crypto Summit on March 7 could bring even bigger changes. With Trump and top industry leaders set to discuss game-changing policies like a 0% capital gains tax on U.S. cryptocurrencies, the stakes couldn’t be higher.
Trump’s Crypto Summit: What’s at Stake?
The summit, hosted by Donald Trump and tech entrepreneur David Sacks, will bring together crypto CEOs, industry leaders, and regulators to discuss the next steps for digital assets in the U.S.
One key proposal is a 0% capital gains tax on U.S.-issued cryptocurrencies. Back in January, Eric Trump suggested that U.S.-based cryptos like XRP could be tax-exempt, while foreign projects might face a 30% tax.
If this policy is implemented, cryptos with strong U.S. ties—Ripple (XRP), Cardano (ADA), and Solana (SOL)—could see price gains.
Capo of Crypto’s Top Altcoin Picks
Additionally, Capo Of Crypto has recently added some altcoins to his portfolio in preparation for a potential market shift, believing they could benefit from the summit’s outcomes.
NEAR Protocol (NEAR): A scalable blockchain with strong U.S. ties and a promising technical setup. However, currently seeing a drop of 14% from yesterday’s high.
Render (RENDER): A project focusing on AI and 3D rendering with a strong U.S. presence. With a market cap of $1.82 billion, the Render token has seen a drop of 15%, making it an attractive token to buy at discounted prices.
Constellation (DAG): A low-cap token with government connections that could see increased demand. After seeing continued downward pressure, DAG is forming a solid bullish pattern, looking to break the $0.050 resistance.
ENA (Ethena): A rising altcoin that has caught attention due to its potential growth in the market. Right now, ENA is trading at $0.35, down 16%, with a market cap of $1.12 billion.
Solana (SOL): Since Trump’s Crypto Reserve includes Solana, its price reaction will be interesting to watch. SOL is currently trading at $137.
With the March 7th summit coming up, these altcoins could see big price moves, especially if new crypto-friendly rules are announced
