Trump’s Commerce Secretary, Howard Lutnick, teased the creation of a Bitcoin-only strategic reserve.
While other cryptocurrencies like Ethereum, Solana, Cardano, and XRP may be included in the reserve, Bitcoin holds a privileged status.
There has been pushback from Bitcoin maximalists who argue that altcoins are centralized and prone to regulatory capture.
The upcoming White House Crypto Summit signifies a shift in the U.S. government's stance on digital assets, with a focus on positioning America as a global leader in blockchain and cryptocurrency innovation.