The U.S. government will unveil a strategic crypto reserve on Friday, with Bitcoin at its core, according to Commerce Secretary Howard Lutnick. Other cryptocurrencies, including XRP, Solana, and Cardano, will also be included but treated differently, Lutnick told The Pavlovic Today.
“A Bitcoin strategic reserve is something the President’s interested in,” Lutnick said. “He spoke about it all during the campaign trail, and I think you’re going to see it executed on Friday.”
Altcoins to Be Treated Differently
Trump’s initial plan focused on a “strategic Bitcoin stockpile,” but the expanded approach has sparked debate. Investment firm Bernstein, criticized the inclusion of multiple tokens as lacking clear rationale, while Coinbase CEO Brian Armstrong suggested, “Just Bitcoin would probably be the best option.”
Despite pushback, Trump reaffirmed the plan in a Sunday post on Truth Social, stating that the U.S. will create a “crypto reserve” including Bitcoin, Ethereum, XRP, Solana, and Cardano. In a follow-up post, he described BTC and ETH as “the heart of the reserve,” signaling their central role in the initiative.
The decision marks a shift from previous administrations’ cautious stance on crypto. Instead of sidelining digital assets, Trump’s government is integrating them into federal reserves, a move that could set a precedent for global crypto policy.
Crypto Summit to Coincide with Announcement
The announcement will align with the White House’s first crypto summit, chaired by AI and Crypto Czar David Sacks. Confirmed attendees include Armstrong, Kraken CEO Arjun Sethi, Strategy chairman Michael Saylor, Multicoin Capital’s Kyle Samani, and Paradigm co-founder Matt Huang.
Trump’s original plan for a “crypto council” was abandoned due to industry infighting over priorities. Instead, the administration is shifting to periodic summits to shape its digital asset strategy.
With the unveiling of a strategic crypto reserve, the U.S. is taking a major step in formalizing its approach to digital assets. Bitcoin’s dominance is reinforced, while the role of altcoins remains an evolving discussion.
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