President Donald Trump is expected to deliver a speech tomorrow via a recording at Blockworks’ Digital Asset Summit (DAS) in New York City. This will be the first time a sitting U.S. president has addressed a Bitcoin and crypto conference, highlighting the growing influence of digital assets in mainstream financial policy.

Trump has previously engaged with the Bitcoin community, having spoken in person at the world’s largest Bitcoin conference in Nashville last summer while on the campaign trail. His return to the stage now as president further highlights the continued support from the U.S. government on Bitcoin.

Trump’s upcoming address at DAS comes only a couple weeks after moving forward with officially integrating Bitcoin into his national strategy, when he signed an executive order establishing the U.S. Strategic Bitcoin Reserve, positioning BTC as a key asset for the country’s financial future.

Joining the lineup tomorrow at DAS is Strategy’s Michael Saylor, who will deliver a keynote speech and engage in a fireside chat with Bitcoin historian Pete Rizzo. Additionally, Bloomberg ETF analyst James Seyffart will host a panel discussion with BlackRock’s Head of Digital Assets Robbie Mitchnick and Nasdaq’s Head of U.S. Equities & Exchange-Traded Products Giang Bui, where they will delve into the evolving landscape of Bitcoin ETFs and institutional adoption.

The announcement of Trump’s participation follows remarks from Bo Hines, Executive Director on Digital Assets for President Trump, who spoke earlier this week at DAS. Hines reaffirmed the administration’s commitment to accumulating Bitcoin for the Strategic Bitcoin Reserve, stating:

“I think it’s high time that our President started accumulating assets for the American people, which is what President Trump is doing rather than taking it away.”

He also emphasized the administration’s approach to acquiring Bitcoin in budget-neutral ways, likening BTC accumulation to gold reserves:

“You know, I’ve been asked all the time, it’s like how much do you want? Well, that’s like asking a country how much gold do you want – as much as we can get.”

Trump’s executive order has already sparked legislative action aiming to build on this momentum. Senator Cynthia Lummis and Congressman Nick Begich have each proposed plans for the U.S. to acquire 1 million BTC over the next five years, ensuring a long-term reserve of the scarce asset. Earlier today at DAS, House Majority Whip and Congressman Tom Emmer stated that he believes this legislation will be enacted “before this congress is done.”

World Liberty Financial, the cryptocurrency investment platform backed by U.S. President Donald Trump, has seen its portfolio drop by $110 million in unrealized losses. 

According to data from Arkham Intelligence, WLFI’s investment of $336 million across nine cryptocurrencies is now worth approximately $226 million. Of the portfolio’s losses, Ethereum (ETH) is responsible for 65%.

Ethereum is trading at around $2,000 as at Mar. 10, meaning that WLFI, which bought it at an average price of $3,240,  is down an estimated $80.85 million, or almost 37% of its total investment.

Tron (TRX) has proven to be the most resilient of WLFI’s holdings, down just 5%. The portfolio’s other holdings, which have all contributed to the WLFI’s losses, include tokens such as stETH ($10.27M), WHITE ($5.87M), Movement (MOVE) ($3.5M), and Ondo (ONDO) ($296,000).

Despite these losses, WLFI continues to boost its portfolio and expand its network. On Mar. 6, WLFI acquired $21.5 million worth of Ethereum, Wrapped Bitcoin (WBTC) and Movement Network tokens. In addition, the company recently partnered with Sui (SUI), a blockchain founded by former Meta programmers, to explore decentralized finance opportunities.

The partnership has drawn speculations as some believe it is an attempt to expand into other blockchain ecosystems, while others wonder what the real reasons for the partnership are.

Founded in 2024, WLFI has managed to position itself as a major player in DeFi. Trump, along with his close family and allies, controls more than 60% of the project. Despite recent losses, WLFI attracted strong investor interest, raising $300 million during its January 2025 token sale.

Meanwhile, as Trump’s government works to establish a strategic crypto reserve for the United States, critics argue that his growing influence in the cryptocurrency markets may lead to conflicts of interest.

The Trump Organization has denied any wrongdoing, claiming that his children, an outside ethics lawyer, and an independent investment firm run WLFI and that Trump has no direct control over its activities.