As crypto executives gathered for a White House Summit Friday and officials clarified plans for a Crypto Reserve, there was one big winner: Bitcoin.
In a Sunday March 2 social media message, President Trump had outlined a Reserve plan to include ETH, SOL, ADA and XRP alongside BTC. But, by Thursday night March 6, when he signed an executive order on the reserve, that plan had changed. Now, Bitcoin will get its own reserve and other coins will be relegated to a separate “stockpile.” Regulatory reporter Jesse Hamilton led our coverage from Washington D.C.
The volte-face came after vociferous industry reaction to Trump’s Sunday plan, which may have impacted decision-making. Many Bitcoiners complained BTC would be diluted alongside lesser-cap coins and that Bitcoin has unique characteristics as “digital gold” where other projects don’t. In the end, the White House seemed to agree. ADA, SOL and XRP, having been buoyed by the Sunday announcement, all plunged on the news, per re
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