President Donald Trump is set to announce a significant shift in crypto policy

While bitcoin (BTC) is expected to receive special status, Lutnick mentioned that other coins will also be positively regarded.

U.S. Secretary of Commerce Howard Lutnick reportedly said that President Donald Trump is set to announce a significant shift in crypto policy, including plans for a crypto strategic reserve, at Friday's White House crypto summit.

While bitcoin (BTC) is expected to receive special status, Litnick mentioned that other coins will also be positively regarded.

However, the market appears to be pricing in minimal expectations for altcoins, as evidenced by the lackluster price movements of XRP, SOL, and ADA—the coins Trump identified on Sunday as part of the reserve.

BTC has bounced to $91,000 to trade 4.5% short of Sunday's high of over $95,000 brought by Trump's announcement of the crypto reserve. XRP, however, trades at $2.57, or 17% short of the Sunday high of $3.02, according to data source TradingView. Cardano's ADA and Solana's SOL are short 27% and 20% from their respective highs on Sunday.

The lag in these tokens compared to BTC indicates that investors do not anticipate Trump will assign a significant role to them in the strategic reserve. Perhaps, Trump's initial mention of these tokens was bait to secure the BTC reserve, as observers told CoinDesk earlier this week.

Besides, some observers believe a BTC-only reserve too will take time to materialize.

"These two things—the U.S. wanting a BSR while the IMF actively blocks sovereign BTC accumulation—cannot be true at the same time. So while we can continue the domestic political theater around BSR (which I support, since everything has to start somewhere), the real signal to watch is the IMF. When that changes, you’ll know readiness is near. This is a long-term catalyst. Until then, everything else is noise," Jeff Park, head of alpha strategies at Bitwise Asset Management, said on X.

🚨HOT TOPIC ALERT🚨: Is the U.S. About To Form A Bitcoin Strategic Reserve?

There's a buzz in the cryptosphere as rumors swirl about a potential shift in U.S. policy towards Bitcoin.

The rumors began on Monday when a report by The Block claimed that the Biden administration is planning to launch a cryptocurrency strategic reserve. A crypto strategic reserve would see a country holding a portion of its reserves in cryptocurrencies, rather than traditional assets like gold or foreign exchange.

The rumors were further fueled by a post on Sunday from President Donald Trump, in which he named some of the coins that could feature in the strategic reserve.

"We are working on a U.S. Strategic Digital Currency Reserve, perhaps including Bitcoin, to serve as a new, complementary reserve asset to the dollar, gold, and other assets in the portfolio. We are also considering other digital currencies, such as Litecoin, Stellar Lumens, Cardano, and Solana.

The coins named by Trump were Bitcoin, Litecoin, Stellar Lumens, Cardano, and Solana.

However, some reports claimed that the coins were chosen by members of the president's inner circle, while others stated that the president himself selected the coins.

"The president is interested in cryptocurrencies and has been following developments in the industry closely. He is also interested in the potential benefits of a U.S. Strategic Digital Currency Reserve," a White House official said.

The rumors come amid increasing interest in cryptocurrencies from governments around the world. Several countries have already begun exploring the possibility of creating their own central bank digital currencies (CBDCs).

The U.S. is reportedly lagging behind in the CBDC race, but it is now said to be considering several options for a digital dollar.

"The U.S. is running out of time and needs to act quickly to maintain its economic and financial leadership," an administration official said.

"We are exploring all of the options for a digital dollar, including a CBDC, a stablecoin, and a crypto-backed dollar."

The administration is also reportedly considering the possibility of using a basket of cryptocurrencies in its strategic reserve.

"We are open to all possibilities and we are determined to find the best solution for the American people," the official added.

The rumors of a U.S. crypto strategic reserve have been met with mixed reactions from the crypto community. Some members of the community expressed skepticism over the rumors, noting that the administration has not yet made any official announcements.

"I'm not buying it until I see it," one community member said on X.

Other members of the community expressed enthusiasm over the rumors, seeing them as a positive step forward for the crypto industry.

"This would be a huge win for Bitcoin and for the U.S. economy," another community member said.

"I hope they move forward with this quickly."

The administration is expected to make a decision on a digital dollar strategy by the end of the