Former President Donald Trump announced plans to establish a US Crypto Strategic Reserve that would include multiple cryptocurrencies.
Coinbase CEO Brian Armstrong expressed his preference for a Bitcoin-only approach, citing its simplicity and role as a successor to gold.
Gemini CEO Tyler Winklevoss supported Armstrong's position, emphasizing Bitcoin's qualities as hard money and a proven store of value.
Cardano and Ripple executives defended the inclusion of various cryptocurrencies in the reserve, citing their technological merits and market presence.