**Title: President Trump Expands Proposed Crypto Reserve to Include Multiple Cryptocurrencies, Sparking Mixed Reactions Among Bitcoin Enthusiasts**
President Trump has broadened the scope of the proposed crypto reserve to encompass XRP, Solana, Cardano, Bitcoin, and Ether. This decision has led to some frustration among Bitcoin maximalists, who are disappointed by the inclusion of non-Bitcoin assets in the national digital asset stockpile. Since his keynote at the Bitcoin 2024 conference, President Trump’s stance on a national crypto reserve has undergone a notable transformation. Initially, he committed to establishing a Bitcoin-exclusive reserve, but he has now directed the inclusion of various cryptocurrencies, creating a divide within the crypto community.
**From Bitcoin-Only to a Broader Crypto Reserve**
At the Bitcoin 2024 conference in Nashville, Tennessee, President Trump announced his intention to create a strategic national Bitcoin stockpile, promising to retain 100% of the Bitcoin held or acquired by the U.S. government. He positioned Bitcoin as the cornerstone of this reserve, earning accolades from Bitcoin supporters. However, his executive order on January 23 represented a significant pivot. The order instructed the President’s Working Group on Digital Assets to explore the feasibility of a more inclusive digital asset stockpile. Recently, the president updated this feasibility study to include XRP, Solana (SOL), and Cardano (ADA).
On his Truth Social platform, the president expressed, “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration. That’s 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 ensure the U.S. becomes the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”
This latest development has left Bitcoin maximalists feeling discontent. They had hoped for a Bitcoin-only reserve but instead received a more diluted version. Their frustration is palpable, particularly regarding the vague and open-ended language of the executive order. Voices like Walker from THE Bitcoin podcast and Pierre Rochard from Riot Platforms have openly shared their disappointment. Rochard’s critique is particularly sharp, highlighting what he perceives as a clear inconsistency between Trump’s initial promises to Bitcoin enthusiasts and the broader approach now reflected in the executive order. This sense of betrayal resonates in his remarks, underscoring the passionate ideological divides within crypto communities. Bitcoin maximalists hold strong beliefs about Bitcoin’s unique role and are unafraid to challenge anyone, including political figures they might typically support, when they feel those principles are at risk.
**Ban on CBDCs and Upcoming Crypto Summit**
The executive order also includes a ban on the research and development of a central bank digital currency (CBDC) in the United States, aligning with Trump’s broader skepticism of government-controlled digital currencies. In addition, the president is preparing to host the first White House crypto summit on March 7, which promises to be an exciting event for the crypto community.
