Trump’s Commerce Secretary Teases Bitcoin-Only Strategic Reserve
The post Trump’s Commerce Secretary Teases Bitcoin-Only Strategic Reserve appeared on BitcoinEthereumNews.com.
Secretary Howard Lutnick suggested today that Bitcoin could receive unique treatment in the U.S. crypto reserve strategy. In a recent interview with The Pavlovic Today, Lutnick hinted that Bitcoin’s role in the reserve would be distinct from other digital assets. The proposed crypto reserve is expected to include Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP, yet Bitcoin appears to hold a privileged status in the administration’s vision. “The president definitely thinks that there’s a Bitcoin strategic reserve,” Lutnick stated. “Now, the question is, how do we handle the other cryptocurrencies? I think that model will be unveiled on Friday.” Pushback Over Altcoins in the Reserve Trump’s proposal to include a range of cryptocurrencies in the national reserve has sparked controversy, particularly among Bitcoin maximalists. Critics argue that Bitcoin is the only truly decentralized, non-seizable, and censorship-resistant asset, while altcoins remain largely centralized and prone to regulatory capture. Even longtime Bitcoin skeptic Peter Schiff—who famously dismissed Bitcoin when it was under $100—acknowledged the logic of a Bitcoin-only reserve while questioning the inclusion of other tokens. In response to the criticism, Lutnick doubled down on Trump’s commitment to Bitcoin, while leaving room for other digital assets. “Bitcoin is one thing, and the other crypto tokens will be treated differently—positively, but differently,” he clarified. The Bitcoin price reacted positively to the news, up 3.5% overnight to $89,540, Source: Bitcoin Liquid Index White House Crypto Summit: A Shift in U.S. Policy The upcoming White House Crypto Summit marks a historic pivot in the U.S. government’s stance on digital assets. Set for March 7, the event will bring together some of the most influential figures in crypto, including MicroStrategy’s Michael Saylor, Chainlink’s Sergey Nazarov, and Coinbase CEO Brian Armstrong. A list of confirmed and unconfirmed guests so far for the Crypto Summit, Source: X…
Filed under: News - @ March 6, 2025 4:17 am