US Crypto Reserve Debate: Bitcoin or Altcoin Inclusion?

President Donald Trump signed a cryptocurrency executive order on Thursday.
Trump wants to create a digital asset stockpile for the US.
There is an ongoing debate on the composition of the digital asset stockpile.

On Thursday, President Donald Trump signed an executive order focused on advancing cryptocurrency development in the United States. A central feature of the order is the creation of a digital asset stockpile, sparking discussions within the crypto community about the government’s approach to this initiative.

The biggest obstacle for the Strategic Bitcoin Reserve is not the Fed, Treasury, banks, or Elizabeth Warren.

It’s Ripple/XRP. They are aggressively lobbying against the SBR by throwing around $millions at politicians, desperately trying to derail it.

They did the same to…

— Pierre Rochard (@BitcoinPierre) January 23, 2025

Trump’s original promise during the presidential campaign was to create a Strategic Bitcoin Reserve after resuming office. That narrative seems to have changed, with a modification suggesting a proposed digital asset stockpile comprising more cryptocurrencies besides Bitcoin.

Ripple CEO and Bitcoin Advocate Clash Over Crypto Policies

The debate about how the government wants to implement the digital asset stockpile has begun. Riot Platforms’ Pierre Rochard, a renowned Bitcoin supporter, has accused Ripple of attempting to influence the government’s crypto policies to favor its project. According to Rochard, Ripple is aggressively lobbying against the Strategic Bitcoin Reserve.

Ripple’s CEO Brad Garlinghouse countered Rochard’s allegation by reminding him of the core tenets of the Trump campaign, which aggressively supports American companies and technologies. According to Garlinghouse, instead of working against the Strategic Bitcoin Reserve, Ripple’s efforts are increasing the likelihood of achieving a crypto strategic reserve, which includes Bitcoin.

Divisions Among Crypto Advocates

The current situation has reignited the debate from several years ago between Bitcoin supporters and other crypto community members. The difference this time is that Bitcoin supporters like Rochard are canvassing for an exclusive adoption of the cryptocurrency by the government. Contrary to their wish, other crypto community members, especially those from US-based projects, are demanding inclusiveness.

President Trump’s crypto executive order includes instituting a crypto working group to work out the policy details, including a tailored regulatory framework for the cryptocurrency industry. In the meantime, crypto community members of various factions may continue debating on how the government will implement its digital asset stockpile program until the working group releases its recommendations.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.