President Trump is set to host the first cryptocurrency summit at the White House on March 7 to discuss the future of cryptocurrency regulation policy in the United States with top industry executives and the Digital Assets Working Group.
Trump had previously promised to create a "national strategic stockpile of Bitcoin" at the 2024 Bitcoin Conference in Nashville, Tennessee. During his keynote address, Trump told attendees: "If I am elected, my administration's policy - the United States of America - will be to hold 100% of all Bitcoin currently held by the government or acquired in the future. We will hold 100%."
The presidential working group on digital assets has been directed to include XRP against the US dollar, Solana, and Cardano (ADA) in the strategic cryptocurrency reserve.
The president later added Bitcoin and Ether to the list of cryptocurrencies to be included in the reserve in an attached post, stating that they would be at the "core of the reserve".
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