YEREVAN (CoinChapter.com) — United States President Donald Trump has directed the President’s Working Group on Digital Belongings to incorporate XRP, Solana (SOL), and Cardano (ADA) within the nationwide crypto reserve. Later, he confirmed that Bitcoin (BTC) and Ethereum (ETH) may also be included, stating they would be the “heart of the reserve.”
Trump’s stance on a crypto reserve has shifted since his speech on the Bitcoin 2024 convention in Nashville, Tennessee. Throughout the occasion, he dedicated to maintaining 100% of the Bitcoin the federal government holds or acquires.
“If I am elected, it will be the policy of my Administration — the United States of America — to keep 100% of all the Bitcoin the government currently holds or acquires into the future. We will keep a hundred percent.”
Bitcoin Maximalists React to Trump’s Govt Order
On Jan․ 23, Trump signed an govt order instructing the Digital Asset Working Group to check the feasibility of a nationwide crypto reserve. The order additionally directed the group to look at a regulatory framework for stablecoins whereas banning research and growth of a central financial institution digital foreign money (CBDC) in america.
After the order, Bitcoin maximalists reacted to the opportunity of different cryptocurrencies being included within the reserve. Many had anticipated the reserve to carry solely Bitcoin, aligning with Trump’s Bitcoin 2024 speech.
Walker, host of THE Bitcoin Podcast, posted on X, saying:
“Raise your hand if you think Donald Trump should make the national ‘digital asset’ stockpile Bitcoin only.”
Pierre Rochard, Vice President of Analysis at Riot Platforms, additionally identified that the language of the chief order didn’t match Trump’s earlier statements about Bitcoin.
Trump will host the primary White Home crypto summit on March 7. The assembly will convey collectively trade executives and members of the Digital Asset Working Group to debate crypto regulation in america.
The agenda will doubtless embrace discussions on the crypto reserve, stablecoin insurance policies, and regulatory modifications. Bitcoin’s position within the nationwide reserve can be anticipated to be a major matter.