On Friday, US President Donald Trump is set to host a high-stakes White House Crypto Summit, a meeting that could significantly shape the future of digital assets in the United States.

With a commitment to “making the US the crypto capital of the world,” Trump’s crypto summit will be a crucial watch for crypto enthusiasts this week. Traders and investors alike will watch closely, as the summit’s outcome could influence market trends and investor sentiment.

Experts Highlight Potential Topics of Discussion

According to experts, one of the potential announcements is a proposal to eliminate capital gains taxes on cryptocurrency sales. Investor Mike Alfred has suggested that Trump’s administration is preparing to make this official at the summit.

“Sources say the Trump administration [is] preparing to announce zero capital gains on crypto sales at Friday’s crypto summit,” Alfred shared on X (Twitter).

Ran Neuner, crypto analyst and founder of Crypto Banter, shares the sentiment. He noted that the summit could focus on broader industry incentives. Specifically, he speculated that discussions might include tax breaks for US-based crypto projects. The analyst also anticipates incentives to bring blockchain developers back to the country.

This could mean preferential treatment for “Made in America” tokens, furthering Trump’s economic strategy.

If implemented, this policy could encourage more trading and long-term investment in digital assets, potentially making the US an attractive destination for crypto businesses. Lower tax barriers could also bring substantial institutional capital into the sector and increase retail investor participation.

“Taxation is theft. It should be kept to a minimum. It’s wrong to steal my money for grift on the left; it’s also wrong to tax me for crypto bro schemes. Efficient defense, courts, national parks (should fund themselves), prisons, etc – fine. Cut it out with these schemes guys,” investor Joe Lonsdale quipped.

Another potential topic is how to fund the US crypto reserve. BeInCrypto reported the establishment of this reserve, highlighting the inclusion of Ripple’s XRP token, Solana (SOL), and Cardano (ADA).  

Already, there is contention about the place of XRP and ADA in the crypto reserve. Some have called out Trump for committing to buy XRP and ADA with federal dollars. While some see it as a step toward legitimizing crypto, critics argue that these assets have little utility.

Meanwhile, Udi Wertheimer, another popular user on X, suggested that Trump’s approach is a negotiation tactic. According to the user, it is aimed at securing congressional approval for a Bitcoin-centric reserve.

“The best take I’ve seen by far regarding the strategic reserve is that this is just a classic trump negotiation tactic. For a true reserve to happen, Trump will have to convince Congress…In Trump’s chess language, this just means he’s telling Congress if you don’t give me a Bitcoin reserve, I’m going to ram Ripple down your throats,” Wertheimer opined.

Others, like Naval Ravikant, also voiced concerns.

“The US taxpayer should not be exit liquidity for cryptocurrencies that are decentralized in name only,” Ravikant wrote.

Notwithstanding, the success of these initiatives could transform the American crypto playing field, attracting investors, builders, and projects back to the US. However, skeptics argue that the government’s involvement in crypto markets could lead to unnecessary risks and inefficiencies.

Key Attendees and Market Implications

It remains unknown whether official invitations have been sent out. Fox Business correspondent Eleanor Terrett noted that industry executives are still awaiting confirmation, suggesting a roster of influential figures could attend.

However, likely attendees include Trump, crypto Czar David Sacks, and Bo Hines, who leads Trump’s digital assets advisory council. Beyond these, major figures from the crypto industry could also feature in the attendee’s list, positioning specific tokens for impact.

The correlation between these tokens and their associated industry leaders is significant, as their presence at the summit suggests possible policy benefits or new government partnerships.

With the summit’s focus on US-based crypto companies, future policy decisions could favor projects that align with domestic interests. If Trump follows through with tax incentives and federal crypto investments, the market could see a wave of bullish sentiment for these tokens.

Conversely, if the crypto community perceives the reserve initiative as unfeasible or politically motivated, it may result in negative market reactions. Ultimately, Friday’s Crypto Summit will set the stage for the next phase of US crypto policy.

The post Trump’s White House Crypto Summit: Experts Discuss Key Agendas and Potential Market Impact appeared first on BeInCrypto.

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XRP price started a fresh decline from the $3.00 resistance. The price is up down over 20% and might extend losses below the $2.20 support.

• XRP price started a fresh decline from the $3.00 zone.
• The price is now trading below $2.50 and the 100-hourly Simple Moving Average.
• There was a break below a connecting bullish trend line with support at $2.40 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair might continue to move down if it breaks the $2.20 support zone.

XRP Price Reverses

XRP price rallied above the $2.50 and $2.80 levels before the bears appeared, like Bitcoin and Ethereum. The price failed to clear the $3.00 resistance and started a fresh decline.

There was a sharp move below the $2.80 and $2.60 levels. The price traded below the 50% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. There was also a break below a connecting bullish trend line with support at $2.40 on the hourly chart of the XRP/USD pair.

The price is now trading below $2.40 and the 100-hourly Simple Moving Average. It is now finding bids just above the 76.4% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high.

On the upside, the price might face resistance near the $2.35 level. The first major resistance is near the $2.40 level. The next resistance is $2.4750. A clear move above the $2.4750 resistance might send the price toward the $2.620 resistance.

Any more gains might send the price toward the $2.700 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.80.

More Losses?

If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.20 level. The next major support is near the $2.120 level.

If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $2.20 and $2.120.

Major Resistance Levels – $2.40 and $2.4750.

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Binance, the largest crypto exchange based on trading volume, announced plans to use GPS tokens, which powers GoPlus Security. This company provides open, permissionless, user-driven security services for the Web3 environment.

The exchange also adds GPS to HODLer airdrops, which rewards BNB holders with token airdrops based on historical snapshots of their BNB balances.

Binance New Listing: What Users Need To Know

GoPlus Security is a company that covers major blockchain networks with multidimensional risk detection. According to a recent Binance announcement, its token, GPS, will be available for trading on the exchange starting Tuesday, March 4, at 13:00 UTC, against select token pairs.

“Binance will then list GPS at 2025-03-04 13:00 (UTC) and open trading against USDT, USDC, BNB, FDUSD, and TRY pairs,” the announcement stated.

In the immediate aftermath of this Binance listing announcement, GPS soared by 16%,

Notably, users can start depositing GPS tokens at 10:20 UTC in preparation for trading. Cognizant of the token’s relative newness in the market, the Binance exchange articulated that it would attach a seed phrase. This special identifier is a precaution to distinguish GPS from any other token. 

It is also worth noting that Binance will list GPS at zero listing fees, which means users can trade the GoPlus Security token without incurring any trading fees.

Beyond listing, the GPS token also joins the Binance Exchange HODLer airdrops program. These positions select BNB token holders to receive allocations. The initiative rewards users retroactively, offering a simple way to earn additional tokens.

“Binance is excited to announce the 11th project on the HODLer Airdrops page – GoPlus Security (GPS). Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products from 2025-02-19 00:00 (UTC) to 2025-02-24 23:59 (UTC) will get the airdrop distribution,” the exchange added.

The listing and addition to the HODLer airdrops page is not Binance’s first interaction with GoPlus Security. In December 2022, YZi Labs (then Binance Labs) announced leading private round II funding for GoPlus Security.

The funding was intended to further develop GoPlus Security’s technology, create a security services marketplace, and attract top talent to help build a safer and more user-friendly Web3 ecosystem.

In April of the same year, GoPlus Security raised a multi-million dollar private funding round, but Binance did not participate.

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