Update (March 2, 16:48:31 UTC): This article has been updated to add President Trump's latest message regarding BTC and ETH in the spare
US President Donald Trump recently announced that the president's working group on digital assets has been instructed to include crypto strategic reserves XRP (XRP), Solana (SOL) and Cardano ADA (ADA).
The president later added Bitcoin (BTC) and Ether (ETH) to the list of cryptocurrencies included in additional post office sanctuaries, stating they were in the “center of the reserve.”
sauce: Donald J. Trump
Trump had previously committed to establishing a “strategic national Bitcoin stockpile” at the Bitcoin 2024 conference in Nashville, Tennessee. Trump told the audience during his keynote speech:
“If I was elected, it would be my administration, the policy of the United States, that we would maintain 100% of all Bitcoin that the government currently retains or acquires in the future. We will maintain 100%.”
“I hope you do at least well. This will effectively serve as the core of the strategic national Bitcoin stockpile,” the president continued.
The US President's language on Bitcoin's strategic stockpile has angered the biggest stakes of Bitcoin after instructing the group to establish a “digital asset stockpile” following the January 23 executive order.
Trump then gave a keynote speech at the Bitcoin 2024 conference held in Nashville. sauce: Cointelegraph
Related: Republicans announce formation of Bicam crypto working group
Trump signs the executive order, but that's not what Bitcoin maximalists expected
President Trump signed an executive order directing working groups on digital assets, studying the feasibility of national crypto-protected areas and exploring the regulatory framework for stables.
The executive order also banned research and development of US Central Bank Digital Currency (CBDC).
Following the January 23rd order, Bitcoin maximalists have vented their frustration with the ambiguous language of the order and the potential inclusion of other digital assets in the reserve.
President Trump signs an executive order on digital assets and AI. sauce: White House
“If you think Donald Trump should only make “digital assets” stockpile Bitcoin across the country, raise your hand,” wrote Walker, host of the Bitcoin podcast, on X.
Pierre Rochard, vice president of research at mining company Riot Platforms, called for the language of the executive order that deviates from President Trump's previous promises to Bitcoiner.
President Trump will hold his first White House Script Summit on March 7th to discuss the future of US crypto regulatory policies with industry executives and digital asset working groups.
magazine: Bitcoiner is “all” on Trump since Bitcoin '24, but at risk
