ChainCatcher news, according to Bitcoin Magazine, the Prime Minister of Bhutan believes that strategic reserve Bitcoin can fund national expenditures.

ChainCatcher news, Ripple executives including CEO Brad Garlinghouse and Chief Legal Officer Stu Alderoty proposed to President Trump to include SOL in the U.S. cryptocurrency reserve program to enhance the program's legitimacy within the crypto community.Sources say that Ripple aims to strengthen the position of XRP by advocating for a reserve program that includes multiple U.S. tokens.

ChainCatcher news, according to Walter Bloomberg, although the Bitcoin strategic reserve plan proposed by Trump has gained support among some pro-cryptocurrency members of Congress, its recent feasibility is in question. Wyoming Republican Senator Cynthia Lummis, who introduced the related bill, acknowledged that the proposal lacks sufficient support in Congress.Lummis stated at the Bitcoin Investor Day event in New York that there is resistance even within the Republican Party. She quoted House Banking Committee Chairman Tim Scott's suggestion to delay implementation and pointed out that lack of preparation is a major obstacle.

ChainCatcher news, according to DL News, Bitwise Chief Investment Officer Matt Hougan stated in his investment memo: "Trump is like a game changer, the establishment of the U.S. crypto strategic reserve will be seen as the first shot in the global Bitcoin arms race and will trigger a domino effect.Honduras, Mexico, or Guatemala, now looking at El Salvador, it's now America's turn to acquire Bitcoin. Will countries like Dubai, Qatar, or Saudi Arabia envy America's leading position? Countries may view Bitcoin as an important monetary asset."

ChainCatcher news, according to Bitcoin Magazine, legislative process documents show that the Texas Strategic Bitcoin Reserve and Investment Act has been listed on the Senate intent calendar on March 5, 2025, marking a step forward for the bill towards formal passage.The bill was previously reviewed by the Business and Commerce Committee on March 4, receiving overwhelming support with 10 votes in favor, 0 votes against, and only 1 person absent. The bill covers multiple areas, including finance, state fiscal management and control, auditing, currency trading, and public account auditing. The bill will establish the "Texas Bitcoin Strategic Reserve Advisory Committee," responsible for overseeing the management of the state's Bitcoin reserves.

ChainCatcher news, according to The Block, the U.S. crypto reserve may be announced on Friday at the first White House crypto summit. U.S. Secretary of Commerce Howard Lutnick stated that Trump is very interested in a Bitcoin strategic reserve, while other tokens may be treated differently. He revealed that under Trump's plan, Bitcoin will receive a "unique status."Howard Lutnick added, "The Bitcoin strategic reserve is something the president is interested in. He talked about it during the campaign, and I think you will see it implemented on Friday, so Bitcoin is one thing, other currencies, other crypto tokens, I think, will be treated differently—positively but differently."

ChainCatcher news, according to an analysis published by The New York Times, Trump himself may be the winner of the cryptocurrency strategic reserve, as his family's crypto project has spent millions of dollars to buy cryptocurrencies, and some of these tokens may be included in the U.S. strategic reserve.Cornell University economist Eswar Prasad added, "Trump's cryptocurrency strategic reserve lacks rationality and strategy; it is only beneficial for Bitcoin holders at this stage, but it is definitely a bad thing for taxpayers."

ChainCatcher news, according to Bloomingbit, the announcement by U.S. President Trump to consider XRP, ADA, and Solana as strategic reserve assets has led to a significant increase in the prices of these three cryptocurrencies, while also drawing strong skepticism from industry experts. Castle Island Ventures partner Nick Carter stated on social media: "The government's role is not to operate alternative cryptocurrency hedge funds."Several experts pointed out that some of the selected cryptocurrencies have serious flaws that make them unsuitable as strategic reserve assets. SpaceID business development manager Harrison Seletsky stated: "Ethereum and Solana have strong networks and may be suitable for inclusion as strategic reserve assets, but the mainnets XRPL and Cardano of XRP and ADA are clearly lacking in total locked value (TVL) and stablecoin liquidity."TwoPrime Digital Assets CEO Alexander Blum emphasized the centralization issue: "XRP, ADA, and Solana have centralized ownership structures, which fundamentally distinguishes them from Bitcoin." Smadex co-founder Jean Rausis criticized: "The strategic cryptocurrency reserve plan that includes XRP, Solana, and ADA is Trump's attempt to profit for himself; he knows nothing about cryptocurrency strategic reserves."

ChainCatcher news, according to Cointelegraph, the current Australian government has stated that there are no plans to establish a cryptocurrency strategic reserve.A spokesperson for Australian Assistant Treasurer and Minister for Financial Services Stephen Jones told Cointelegraph that the Albanese government is focused on regulating digital asset platforms and is developing a regulatory framework suitable for digital assets.Tom Matthews, Head of Corporate Affairs at Australian exchange Swyftx, believes that while the idea of a crypto reserve is popular, it may be "fraught with complexities" and could lead to concentration risks for certain tokens. Jonathan Miller, Managing Director of Kraken Australia, stated that cryptocurrencies have established themselves as investment-grade assets.

ChainCatcher news, according to BTCTN, Jan3 CEO Samson Mow has issued a warning regarding the cryptocurrency reserve plan proposed by Trump, pointing out that if the plan includes random altcoins, it could lead to chaos.Mow stated that if the reserve plan recklessly mixes various cryptocurrencies such as XRP, SOL, ADA, and ETH, it could reduce it to a purely speculative game. He is particularly concerned about the risk of market manipulation, believing that if Trump can choose any cryptocurrency at will, it would create opportunities for lobbyists and insiders.Mow indicated that a real strategy should prioritize proof-of-work assets like BTC, LTC, and XMR. He warned that if Trump's cryptocurrency reserve goes off track, it could push the United States towards "unprecedented degradation."

ChainCatcher news, Gemini co-founder Tyler Winklevoss stated that XRP, SOL, and ADA are not suitable to be crypto strategic reserves. Currently, there is only one digital asset in the world that meets the criteria, which is Bitcoin.

ChainCatcher news, according to CoinDesk, Citibank stated in a research report that the likelihood of the U.S. establishing a strategic reserve for cryptocurrencies has increased following President Trump's announcement over the weekend.Citibank analyst Alex Saunders pointed out, "The U.S. government's potential further plans to become a strategic holder of digital assets will enhance the perceived legitimacy of this asset class." The report mentioned that the U.S. government currently holds approximately $19 billion in cryptocurrencies (primarily Bitcoin), compared to $750 billion in gold.Citibank noted that most of the crypto assets held by the government come from seizures, mainly Bitcoin, which means that accumulating other digital assets may require purchases on the open market. However, "the criteria for selection are not clear at this time," and announcing such investments in advance could lead to adverse price movements, similar to what the British government experienced when purchasing gold in the late 1990s. Citibank suggested that providing clearer information on the selection criteria for which tokens will be included in the reserves would offer more support to the market.

ChainCatcher news, Hong Kong Financial Secretary Paul Chan was asked at a budget forum about U.S. President Trump's plan to host a cryptocurrency summit or the potential inclusion of five cryptocurrencies in the U.S. strategic reserve. Chan responded that virtual assets may pose risks to the financial system. Hong Kong is one of the first jurisdictions to announce policies regarding virtual assets. Industry professionals welcome the inclusion of virtual assets in an appropriate regulatory framework, believing that Hong Kong's status as an international financial center provides legitimacy to operations, which is beneficial for marketing. He also emphasized that Hong Kong is never afraid of competition, as competition can lead to a favorable business environment.

ChainCatcher news, according to CNBC, regarding Trump's announcement on Truth Social on Sunday that he has "instructed the presidential working group to advance a crypto strategic reserve that includes XRP, SOL, and ADA, as well as Bitcoin and Ethereum and other valuable cryptocurrencies will be at the core of the reserve," Spencer Hallarn, global head of over-the-counter trading at crypto investment firm GSR, stated that Trump's remarks "led participants to rush to rebuild long positions and became a strong driving force for the price increase."