President Trump announced a plan to include several cryptocurrencies in the US's "Crypto Strategic Reserve," moving beyond a Bitcoin-only approach. Bitcoin's market dominance subsequently dipped below 50% as altcoins like Cardano, XRP, Solana, and Ether experienced significant gains. This decision drew criticism from Bitcoin proponents who argued that the reserve should focus solely on Bitcoin, citing its superior utility as "digital gold." Bitcoin critics are even confused, noting that if one does not like Bitcoin, at least a Bitcoin-only reserve has a rationale. The move surprised some experts who viewed Bitcoin as the only logical choice for a national strategic reserve. Trump will host a White House Crypto Summit to further discuss regulatory policies and stablecoin oversight, following weeks of evaluation by his Working Group on Digital Assets. This summit aims to bring industry leaders together to shape the future of cryptocurrency regulation in the United States.

 

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