Amid recent doubts over Bitcoin reserve plans, excitement is building as Trump prepares to announce a Bitcoin Strategic Reserve at the upcoming White House summit.
A National Crypto Reserve in the Making
Trump's announcement has sparked speculation that the reserve may extend beyond Bitcoin. A Truth Social post hinted at a broader 'National Crypto Reserve,' fueling discussions about the inclusion of Ethereum, Solana, XRP, and Cardano.
Crypto Leaders Gather at the White House
The White House summit will host prominent figures from the crypto industry. Confirmed attendees include Ripple CEO Brad Garlinghouse, MicroStrategy's Michael Saylor, among others. Key government officials are also expected to be present.
How Will the U.S. Fund This Move?
In a recent interview, Michael Saylor suggested that while Trump could issue an executive order, actual purchases might need congressional approval. An alternative strategy could involve selling Federal Reserve's gold certificates to buy Bitcoin.
Analysts suggest that Trump's forthcoming announcement could be a turning point for U.S. crypto regulation, potentially shaping the future inclusion of other cryptocurrencies in the national strategy.
