Michael Saylor Calls for US Crypto Reserve and Regulatory Framework

input: Michael Saylor, the executive chairman of Strategy (MSTR) has recently shared his view on US strategic reserves, and his take on the inclusion of Bitcoin and altcoins.

The U.S. President Donald Trump has recently signed an executive order to create strategic reserves of Bitcoin (BTC) and other crypto assets, including altcoins such as ETH, XRP, SOL, and ADA, in a move to bolster the nation's digital currency holdings.

However, the inclusion of altcoins in the reserves has sparked debate among industry experts.

During his interview with Fox Business, Strategy (MSTR) executive chairman Michael Saylor shared his input on the U.S. strategic reserves and his take on the inclusion of Bitcoin and altcoins.

When particularly asked about XRP, Saylor referred to it as a token, adding that its issuance should happen under the regulatory framework.

"I think those are tokens, and we should have a regulatory framework that allows those to be issued," said Saylor.

When the interviewer asked Michael Saylor whether altcoins like XRP, SOL, etc. should be in the US reserves, he responded by saying that the emerging consensus is that Bitcoin should only be the strategic reserve for the long term.

Saylor on Upcoming Crypto Summit

This Friday, the White House Crypto Summit is going to take place after Donald Trump took charge in January. Commenting on the financing of the US crypto reserves, Saylor stated that it would be a six-month process, which will have 12 members from the Presidential working committee involving those from the industry, the Senate, and the House. Saylor is also among the confirmed attendees for the event.

Saylor comment on the Bitcoin Reserve argues that the US government should move ahead slowly and steadily in building its Bitcoin reserves while gaining clarity for the asset class and maintaining transparency with American citizens. Michael Saylor also stressed the importance of stablecoins to maintain US Dollar supremacy as well as the tokenization of assets like stocks and bonds.

Is ADA Out of US Reserves?

Among the attendees, the name of Cardano founder Charles Hoskinson was missing. This has sparked speculations about whether Trump will withdraw ADA from the list of crypto reserves. Industry veterans have also voiced opinions against the same. Gemini co-founder Tyler Winklevoss recently noted:

"I have nothing against XRP, SOL, or ADA but I do not think they are suitable for a Strategic Reserve. Only one digital asset in the world right now meets the bar and that digital asset is Bitcoin".

More clarity will emerge at the upcoming Crypto Summit on Friday. Just a day before, Donald Trump’s DeFi project World Liberty Financial purchased $20 million of Bitcoin and Ethereum.