President Donald Trump's Recently Announced Crypto Strategic Reserve

President Donald Trump's recently announced Crypto Strategic Reserve has sparked a heated debate among cryptocurrency industry leaders. The plan, which would include multiple digital currencies beyond Bitcoin, has created an unexpected divide among Trump's tech supporters.

President Donald Trump's recently announced Crypto Strategic Reserve has sparked a heated debate among cryptocurrency industry leaders.

Trump's plan, which would include multiple digital currencies beyond Bitcoin, has created an unexpected divide among the President's tech supporters.

Earlier in March, Trump revealed plans to establish a Crypto Strategic Reserve that would include Bitcoin, Ethereum, XRP, Solana, and Cardano. The announcement came after weeks of evaluation from the President's newly formed Working Group on Digital Assets.

The CEOs of major crypto exchanges quickly voiced their opinions on the plan.

Coinbase CEO Brian Armstrong stated that “Just Bitcoin would probably be the best option,” describing it as the simplest cryptocurrency and a clear successor to gold.

Excited to learn more. Still forming an opinion on asset allocation, but my current thinking is:

1. Just Bitcoin would probably be the best option – simplest, and clear story as successor to gold

2. If folks wanted more variety, you could do a market cap weighted index of crypto… https://t.co/jv8Gcn8N2S

— Brian Armstrong (@brian_armstrong) March 3, 2025

Tyler Winklevoss, CEO of Gemini exchange, echoed this sentiment. “Only one digital asset in the world right now meets the bar and that digital asset is Bitcoin,” he posted on X (formerly Twitter).

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.

Many of these assets are listed for trading on Gemini and meet our rigorous… pic.twitter.com/q32qlaFDKJ

— Tyler Winklevoss (@tyler) March 3, 2025

Winklevoss further explained his reasoning. “Many of these assets are listed for trading on Gemini and meet our rigorous listing policy criteria, but with respect to a Strategic Reserve it is another standard. An asset needs to be hard money that is a proven store of value like gold.”

His twin brother Cameron Winklevoss suggested that only Bitcoin and possibly Ethereum satisfy the criteria for a “store of value reserve asset.” He compared these to America’s physical reserves of gold and oil.

Samson Mow, CEO of Bitcoin technology firm Jan3, took a different approach. He argued that only proof-of-work crypto assets should make up the reserve, suggesting Bitcoin and possibly Litecoin.

“Reserve assets must be based on Proof of Work to ensure fundamental integrity and assurance of immutability. Proof of Stake assets cannot be included because foreign actors can gain control simply by owning the asset,” Mow stated.