President Trump adds Bitcoin, Ethereum

President Trump says Bitcoin and Ethereum “will be at the heart of the Reserve.”  He excluded these crypto assets in his earlier announcement.

Trump earlier announced that XRP, Solana (SOL), and Cardano (ADA) would be included in the reserve. Today’s announcement details the executive order he signed directing the Digital Assets Working Group to move forward with this reserve.

Trump stated at the Bitcoin 2024 conference in Nashville, Tennessee, that he would create a “strategic national Bitcoin stockpile.”. “It will be the policy of my Administration — the United States of America — to retain 100 percent of all the Bitcoin the government currently holds or acquires,” Trump informed the audience during his keynote address. “We will retain all of it.
“At least I hope you do well.” The president added “This will effectively function as the central component of the strategic national Bitcoin reserve. “

The president’s wording on a Bitcoin strategic stockpile changed following his executive order on January 23 ordering the group to create a “digital asset stockpile,” which infuriated Bitcoin maximalists.

Olumide Adesina

Financial Market Writer

Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.

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