Trump's Controversial Strategic Plan for Electronic Currency Reserves

As Donald Trump prepares to take office as the 47th President of the United States, there is increasing speculation about the inclusion of US-based cryptocurrencies in the potential strategic reserve portfolio. On January 16, the New York Post reported that Trump was "embracing" the idea of ​​establishing a strategic reserve fund focused on cryptocurrencies such as USD Coin (USDC), Solana (SOL), and XRP, instead of Bitcoin (BTC). The report cited anonymous sources as saying that this proposal could leave Bitcoin, the largest cryptocurrency by market capitalization, out of the game. Rumors are increasing after Trump's recent dinner with Ripple CEO Brad Garlinghouse and legal director Stuart Alderoty. Garlinghouse shared a photo from the meeting, describing it as a "strong start to 2025". Trump's Bitcoin Reserve Commitment The idea of a national Bitcoin reserve gained momentum in July 2024, when Trump declared at the Bitcoin 2024 conference in Nashville that his administration would maintain the government-held bitcoin supply. He announced plans to create 'a strategic national Bitcoin reserve' in his speech. Afterwards, Senator Cynthia Lummis introduced the Bitcoin Law on July 31, outlining the strategy for the US Department of the Treasury to buy up to 200,000 BTC per year, with the goal of building a reserve of 1 million BTC in 20 years. Trump's support for cryptocurrency is also evident in his nomination of Paul Atkins as the new SEC chairman, a move seen as a sign of looser regulations on cryptocurrency. The cryptocurrency community has strongly reacted to rumors that altcoins may be prioritized over Bitcoin. Almeida, co-founder of Orquestra, criticizes this hidden move, stating, 'It would be truly disappointing if that is true. The credibility drops to -1.' Meanwhile, David Bailey, CEO of BTC Inc, has dismissed this idea as "fake news" and sarcastically referred to Ripple as "Kamala coin". DYOR! #Write2Earn #JobsBoomVsFed $BTC {spot}(BTCUSDT)