President Donald Trump is set to announce a significant transfer to crypto policy, with plans for a crypto strategic reserve, at the White House Crypto Summit, US Secretary of Commerce Howard Lutnick reportedly said.
While Bitcoin (BTC) is expected to receive special status, Lutnick mentioned that other coins will be positively considered.
However, the market appears pricing with minimal expectations for altcoins, as proven by XRP price movements, Sol, and ADA – the coins Trump acknowledged on Sunday As part of the reserve.
The BTC has booked for $ 91,000 to trade 4.5% short week of over $ 95,000 by Trump’s announcement of the Crypto reserve. XRP, however, traded at $ 2.57, or 17% short week of $ 3.02, according to tradingview origin data. Cardano’s Ada and Solana’s Sol are short 27% and 20% from their highs on Sunday.
The lag in these tokens compared to the BTC indicates that investors do not expect Trump to appoint an important role in them in the strategic reserve. Perhaps, Trump’s initial mention of these tokens was bait to secure the BTC reserve, as CoinDesk’s observers said this week.
Besides, some observers believe that a BTC-Tanging reserve will also take time to be materialize.
“These two things-the US who wants a BSR while the IMF is actively blocking the Sovereign BTC accumulating-can be true at the same time. So as we can continue the domestic political theater around the BSR (which I support, because everything should start somewhere), the real signal to watch is the IMF. approach to bitwise asset management, said X..
Park added that the crypto community needs to avoid its expectations in the strategic reserve.
