Update (March 2 16:48:31 UTC): This article has been updated to add President Trump’s newest message about BTC and ETH being included in the reserve
United States President Donald Trump recently announced that the President’s Working Group on Digital Assets has been directed to include XRP (XRP), Solana (SOL), and Cardano’s ADA (ADA) in the crypto strategic reserve.
The president later added Bitcoin (BTC) and Ether (ETH) to the list of cryptocurrencies to be included in the reserve in an appended post, stating that they would be at the “heart of the reserve.”
Source: Donald J. Trump
Trump previously promised to establish a “strategic national Bitcoin stockpile” at the Bitcoin 2024 conference in Nashville, Tennessee. Trump told the audience during his keynote speech:
“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.”
“I hope you do well, at least. This will serve, in effect, as the core of the strategic national Bitcoin stockpile,” the president continued.
The US president’s language on a Bitcoin strategic stockpile has shifted following his Jan. 23 executive order directing the group to establish a “digital asset stockpile,” which angered Bitcoin maximalists.
Then-candidate Trump giving the keynote address at the Bitcoin 2024 conference in Nashville. Source: Cointelegraph
Related: Republicans announce formation of bicameral crypto working group
Trump signs executive order, but it isn’t what Bitcoin maximalists expected
President Trump signed the executive order directing the Working Group on Digital Assets to study the feasibility of a national crypto reserve and to explore a regulatory framework for stablecoins.
The executive order also banned the research and development of a central bank digital currency (CBDC) in the United States.
Following the Jan. 23 order, Bitcoin maximalists vented their frustration with the vague language of the order and the potential inclusion of other digital assets in the reserve.
President Trump signs the executive order on digital assets and AI. Source: The White House
“Raise your hand if you think Donald Trump should make the national ‘digital asset’ stockpile Bitcoin only,” Walker, host of THE Bitcoin podcast wrote on X.
Pierre Rochard, the vice president of research at mining company Riot Platforms, also called out the language of the executive order, which deviated from President Trump’s earlier promises to Bitcoiners.
President Trump will host the first White House crypto summit on March 7 to discuss the future of crypto regulatory policy in the United States with industry executives and the Digital Asset Working Group.
Magazine: Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky
