President Trump says crypto reserve to include BTC, ETH, SOL, XRP, ADA

Update (March 2 16:48:31 UTC): This nonfiction has been updated to adhd President Trump’s newest connection astir BTC and ETH being included successful the reserve

United States President Donald Trump precocious announced that the President's Working Group connected Digital Assets has been directed to see XRP (XRP), Solana (SOL), and Cardano's ADA (ADA) successful the crypto strategical reserve.

The President aboriginal added Bitcoin (BTC) and Ether (ETH) to the database of cryptocurrencies to beryllium included successful the reserve successful an appended post, stating that they would beryllium astatine the “heart of the reserve.”

Source: Donald J. Trump

Trump antecedently promised to found a "strategic nationalist Bitcoin stockpile" astatine the Bitcoin 2024 league successful Nashville, Tennessee. Trump told the assemblage during his keynote speech:

"If I americium elected, it volition beryllium the argumentation of my Administration — the United States of America — to support 100% of each the Bitcoin the authorities presently holds oregon acquires into the future. We volition support a 100 percent."

"I anticipation you bash well, astatine least. This volition serve, successful effect, arsenic the halfway of the Strategic nationalist Bitcoin stockpile," the President continued.

The US President's connection connected a Bitcoin strategical stockpile has shifted pursuing his January 23 enforcement order directing the radical to found a "digital plus stockpile," which angered Bitcoin maximalists.

Then-candidate Trump giving the keynote code astatine the Bitcoin 2024 league successful Nashville. Source: Cointelegraph

Related: Republicans denote enactment of bicameral crypto moving group

Trump signs enforcement order, but it isn't what Bitcoin maximalists expected

President Trump signed the enforcement order directing the Working Group connected Digital Assets to survey the feasibility of a nationalist crypto reserve and to research a regulatory model for stablecoins.

The enforcement bid besides banned the probe and improvement of a cardinal slope integer currency (CBDC) successful the United States.

Following the Jan. 23 order, Bitcoin maximalists vented their vexation with the vague connection of the bid and the imaginable inclusion of different integer assets successful the reserve.

President Trump signs the enforcement bid connected integer assets and AI. Source: The White House

"Raise your manus if you deliberation Donald Trump should marque the nationalist 'digital asset' stockpile Bitcoin only," Walker, big of THE Bitcoin podcast wrote connected X.

Pierre Rochard, the vice president of probe astatine mining institution Riot Platforms besides called retired the connection of the enforcement order, which deviated from President Trump's earlier promises to Bitcoiners.

President Trump volition host the archetypal White House crypto summit connected March 7 to sermon the aboriginal of crypto regulatory argumentation successful the United States with manufacture executives and the Digital Asset Working Group.

Magazine: Bitcoiners are ‘all in’ connected Trump since Bitcoin ’24, but it’s getting risky