Thomas Daniels
By instructing the President’s Working Group on Digital Assets to include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA), US President Donald Trump has expanded the reach of the country’s crypto reserve.
The President’s position on cryptocurrency reserves has changed significantly as a result of the declaration. First, Trump stressed a “strategic national Bitcoin stockpile” in his Bitcoin 2024 keynote address in Nashville, Tennessee. But his most recent order goes beyond Bitcoin to include a more varied digital asset stockpile.
Changes to the Crypto Reserve Policy Strategically
President Trump reiterated that Bitcoin and Ether would serve as the “heart of the reserve” in an additional article after the initial declaration, indicating a wider acceptance of the cryptocurrency sector. This change in policy comes after his executive order from January 23, which prohibited the study and creation of a central bank digital currency (CBDC) in the United States and charged the Working Group on Digital Assets with assessing the viability of a national crypto reserve.
Bitcoin maximalists, who had expected a reserve that was only for Bitcoin, have been irritated by the change in terminology. Walker, presenter of THE Bitcoin Podcast, and Pierre Rochard, vice president of research at Riot Platforms, are two prominent figures in the cryptocurrency sector who have voiced worries over the inclusion of different digital assets rather than a reserve that is solely for Bitcoin.
White House Crypto Summit Coming Up
On March 7, President Trump will hold the first White House crypto summit to discuss industry expectations and regulatory concerns. To explore the future of U.S. crypto legislation and the role of digital assets in national policy, the event will bring together members of the Digital Asset Working Group and industry executives.
The U.S. government is indicating a more inclusive attitude to crypto reserves with Trump’s most recent action, balancing the dominance of Bitcoin with a diverse range of digital assets. It is unclear if this approach will meet market expectations, but it unquestionably represents a shift in U.S. crypto policy.
