Trump's Crypto Reserve: Bitcoin Maximalists Disappointed, Altcoins in Play

U.S. President Donald Trump's recent executive order, titled "National Digital Asset Stockpile Plan," has sparked mixed reactions within the cryptocurrency community. The order aims to establish a national reserve of digital assets, including stablecoins, to enhance the U.S.'s global competitiveness in the digital economy. However, the lack of explicit mention of Bitcoin has left some maximalists disappointed.

The order establishes a presidential group, chaired by Special Advisor for AI and Crypto David Sacks, to evaluate the potential for creating and maintaining a national digital asset stockpile. The group will also assess the criteria for forming this reserve from seized cryptocurrencies. Notably, the order prohibits the issuance and promotion of central bank digital currencies (CBDCs) in the U.S.

Sacks has clarified that no decision has been made on the creation of a national crypto reserve, and the group will study the feasibility of such a move. The order's use of the term "digital assets" suggests the possibility of including altcoins in the fund, which has drawn criticism from Bitcoin maximalists who argue that the reserve should only include Bitcoin.

Despite the controversy, the U.S. government holds confiscated cryptocurrencies worth approximately $21.2 billion, with a dominant share consisting of 198,109 BTC valued at $20.76 billion. Some industry figures, such as Morgan Creek CEO Mark Yusko, have suggested that other assets like XRP, ADA, and HBAR could also be included in the national reserve alongside Bitcoin.

In a separate development, Trump's "golden age" for the U.S. could also extend to the crypto industry, according to a recent opinion piece. The author argues that Trump's appointments, nominations, and actions suggest that common sense regulation is on its way, which could benefit the crypto sector. The piece highlights the potential for stablecoins to strengthen the dominance of the U.S. dollar and remove the need for a CBDC.

However, the Trump token (TRUMP) has been struggling to maintain its momentum after hitting an all-time high of $79. The cryptocurrency is currently trading at $29, with a significant drop in open interest indicating waning trader confidence. While some technical indicators suggest potential for recovery, the token's broader macro momentum remains uncertain, and a 166% rally to