While cryptographic executives met for a White House summit on Friday and officials clarified the plans for a cryptography reserve, there was a great winner: Bitcoin.
In a social media message on Sunday, March 2, President Trump had outlined a reserve plan to include ETH, Sun, ADA and XRP together with BTC. But, for Thursday, March 6, when he signed an executive order in the reserve, that plan had changed. Now, Bitcoin will obtain his own reservation and other currencies will be relegated to a separate “stockpile”. Regulatory reporter Jesse Hamilton directed our Washington DC coverage
The turn-site occurred after the vociferant reaction of the industry to the Trump Sunday plan, which may have affected decision making. Many Bitcoiners complained that BTC would be diluted together with lower capitalization coins and that Bitcoin has unique characteristics such as “digital gold” where other projects do not. In the end, the White House seemed to agree. Ada, Sol and XRP, after Sunday’s announcement, immersed themselves in the news, according to Kris Sandor de Coindesk and Cheyenne Ligon reports.
There were other good news for the main cryptocurrency. President Nayib Bukele said that El Salvador would continue to buy BTC even after an IMF agreement that had seemed to Scotch that mission, Tom Carrerask of Coindesk reported. Texas approved a bill to create its own Bitcoin reservation, leading another 20 states that are considering the same, Hamilton reported. The fold added 475 BTC, becoming a public treasure of the first 10, James Van Straten wrote.
Lombard Finance said he would deploy his bitcoin token that applies liquid, LBTC, in Sui, deepening Bitcoin’s pit in cryptographic markets. Francisco Rodrigues de Coindesk had that news. (Meanwhile, Sui’s native file was added to the reserve of world financial assets of Trump’s freedom, increasing its price).
Danny Nelson had the scoop of the week: news that Doublezero Foundation, a stealthy startup that builds a “new internet” with the aim of improving the performance of Blockchain, had raised $ 28 million at an assessment of $ 400 million (now he is looking for more investment).
In other news, Sam Bankman-Fried spoke with Tucker Carlson from his prison cell, another stop in his media game to win a presidential forgiveness. Once an enthusiastic sponsor of the Democratic electoral candidates, SBF now seems to be on the side of the Republican party. We will have to see if your reach pays dividends in the coming weeks.
