There has been a lot of talk about a btc reserve for the United States but also mention of other coins possibly joining the fold as well. In that discussion it has brought up attention on XRP and the money that's allegedly been spent on lobbying, among other activities.
The crypto community has voiced criticism and support on this move. Why only include btc? Well, for some it might be because it's the most widely known and adopted coin, it makes things simple to only focus on one, because of the decentralized network, perhaps there might be less volatility as opposed to holding multiple coins, the worldwide recognition of bitcoin so far can help it to move in this direction and become adopted. Can the same be said for any other projects?
Various legislative efforts have been launched to make a btc reserve happen, and it's expected that perhaps multiple states might introduce their own legislation on this sometime this year.
National digital asset stockpile assessment
Just recently trump signed an executive order that is going to evaluate the potential for a digital asset stockpile. With the popularity that there might be for bitcoin and other projects though, the same cannot be said for CBDCs. It seems that CBDC's are going to have a much more difficult time getting the masses to accept them given recent moves to ban their creation and issuance.
Not financial advice, for information purposes only.
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