Key Takeaways
- Trump announced the inclusion of Bitcoin and Ethereum in his proposed US Crypto Reserve.
- The policy framework aims to enhance US competitiveness in blockchain development.
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President Donald Trump said today that Bitcoin, Ethereum, and other valuable crypto assets will play a key role in the US crypto reserve, a strategic initiative aimed at positioning the US as a global leader in digital assets. The statement came briefly after he revealed that XRP, SOL, and ADA would be part of the national digital asset stockpile.
Creating a national Bitcoin reserve is still one of Trump’s most important crypto promises. Today’s announcement shows he’s still on track to fulfilling his promise.
With growing expectations that the US could move in this direction, many public companies have already started adding Bitcoin to their reserves. State-level efforts to allow the State Treasurer to invest public funds in Bitcoin, as well as other digital assets, are also in play.
Metaplanet CEO Simon Gerovich believes that if Trump moves forward with a national Bitcoin reserve, it could push Japan and other Asian nations to follow suit, further accelerating global Bitcoin adoption.
According to Bitwise CEO Hunter Horsley, the idea of a strategic Bitcoin reserve is still actively being considered. In a recent interview with CNBC, he stated that the concept is “definitely in play” and remains one of the items under evaluation.
Horsley also revealed that Senator Cynthia Lummis is working on a bill related to the initiative. The CEO mentioned that she is hosting a gathering on March 11 in Washington, where he and several other industry leaders will discuss the proposal.
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