Former US President Donald Trump announced at the Bitcoin Conference in Nashville that his administration is working on creating a "strategic national bitcoin reserve." However, Trump's recent message on his social media platform, Truth Social, revealed that the reserve would also include other cryptocurrencies such as ether, XRP, Solana, and Cardano. This announcement sparked mixed reactions from the crypto community, with some questioning the inclusion of other coins and the need for the US to stockpile tokens like XRP and Cardano. The details of the reserve, including its funding and legislation requirements, remain unclear. Wyoming Senator Cynthia Lummis has proposed legislation for the US to buy $20 billion worth of bitcoin in the first year and increase its stockpile to one million BTC over five years. The inclusion of other cryptocurrencies in the reserve is seen as an effort to promote the US crypto industry. While some states are considering creating their own crypto reserves mostly with bitcoin, Trump's announcement received tepid-to-critical reactions in the professional crypto community. The administration may need industry support if the reserve faces pushback in Congress.



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