However, many in the crypto community feel strongly that a crypto reserve should hold only bitcoin as it's the most battle tested and decentralized of the crypto networks. The inclusion of other coins could also invites the government to pick winners and losers in the crypto market, they say.
Another faction rejects the idea of a U.S. reserve of any cryptocurrencies, as it could potentially undermine the status of the dollar and be easily undone by a future administration.
"The next election could see a new administration come in and need to find money to pay debt, social security, etc. They could sell the reserve," said Adam Blumberg, co-founder and vice president of advisory services at Enclave Group.