The post Is The US Shifting From Bitcoin Strategic Reserve Plan? Here’s All appeared on BitcoinEthereumNews.com.

The US government’s stance on Bitcoin strategic reserve is under scrutiny following recent statements from Crypto Czar David Sacks. His remarks at a press conference and on social media have fueled speculation that the administration might be reconsidering its BTC Reserve plan. Meanwhile, debates among crypto communities are intensifying, with some arguing that the focus may now be on broader digital assets rather than just Bitcoin. David Sacks Spark Uncertainty Over US Bitcoin Strategic Reserve During a recent press conference, David Sacks addressed the administration’s plans for digital assets, highlighting President Trump’s directive to explore the feasibility of a Bitcoin strategic reserve. At the same time, this acknowledgment initially excited investors, but Sacks’ cautious language raised concerns. Notably, Sacks said that the administration is evaluating the idea of a Strategic Bitcoin Reserve, emphasizing that the feasibility study was among their first priorities. This phrasing led many market watchers to believe that the government is not fully committed to Bitcoin strategic reserve but is merely assessing its viability. Meanwhile, financial market expert Jim Bianco was quick to point out the shift in tone, stating that Washington often uses terms like “evaluate” when they do not intend to take action. He noted that Trump had previously suggested a Bitcoin reserve, not just an evaluation, leading to speculation that the plan might be stalling. Pro-XRP Lawyer Weighs In Amid Bitcoin Vs Digital Asset Debate Adding to the uncertainty, David Sacks’ recent post on X detailed his discussions with lawmakers about supporting digital assets. Notably, Bitcoin was mentioned only once, while “digital assets” was referenced multiple times. This has sparked debates over whether the administration is shifting from a Bitcoin-exclusive focus to a broader digital asset reserve. Renowned pro-XRP lawyer Fred Rispoli weighed in, suggesting that the administration’s repeated mention of “digital assets” could…

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Filed under: News - @ February 5, 2025 12:26 pm