- President Trump has expanded the proposed crypto reserve to include XRP, Solana, Cardano, Bitcoin, and Ether.
- Bitcoin maximalists have expressed frustration over the inclusion of non-Bitcoin assets in the national digital asset stockpile.
President Trump’s views on a national crypto reserve have shifted dramatically since his Bitcoin 2024 keynote. After initially pledging to create a Bitcoin-exclusive reserve, he’s now ordered the inclusion of several cryptocurrencies, which has divided the crypto community.
From Bitcoin-Only to a Broader Crypto Reserve
At the Bitcoin 2024 conference in Nashville, Tennessee, President Trump pledged to create a strategic national Bitcoin stockpile, vowing to retain 100% of the Bitcoin held or acquired by the U.S. government. He described Bitcoin as the core of this reserve, earning praise from Bitcoin enthusiasts.
However, his executive order on January 23 marked a significant shift. The order tasked the President’s Working Group on Digital Assets with studying the feasibility of a broader digital asset stockpile. The president also recently updated the feasibility asset stockpile to include XRP, Solana (SOL), and Cardano (ADA).
The president took to his Truth Social platform and stated,
A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!
Bitcoin maximalists are not happy with this latest development. They were holding out for a Bitcoin-only reserve and instead got something much more diluted. You can feel their frustration with how the executive order’s language turned out to be so vague and open-ended.
People like Walker from THE Bitcoin podcast and Pierre Rochard from Riot Platforms aren’t hiding their disappointment at all.
Rochard’s criticism seems especially pointed, calling out what he sees as a clear inconsistency between what Trump initially promised to BTC enthusiasts versus this broader approach that’s now showing up in the executive order.
This sense of betrayal comes through in his comments. This highlights the passionate ideological divides within crypto communities. BTC maximalists have very specific views about Bitcoin’s role and are willing to call out anyone, even political figures they might otherwise support, when they feel those principles are being compromised.
Ban on CBDCs and Upcoming Crypto Summit
The executive order also banned the research and development of a central bank digital currency (CBDC) in the United States. This decision aligns with Trump’s broader skepticism of government-controlled digital currencies. Meanwhile, the president is set to host the first White House crypto summit on March 7. The event will bring together industry executives and the Digital Asset Working Group to discuss the future of crypto regulation in the U.S.
BTC is currently trading at $92,000, up 7% in the last 24 hours; Solana is trading at $130.77, up 11.6%; Ethereum is trading at $2,358 up 5%, Cardano is trading at 0.9743 up 46% in 24 hours and XRP $2.63 up 16% in the last 24 hours.
