While the leaders of cryptography gathered for a summit of the White House on Friday and the officials clarified the plans for a crypto reserve, there was a big winner: Bitcoin.
In a message on Sunday, March 2 on social networks, President Trump had described a reserve plan to include ETH, Sol, ADA and XRP alongside BTC. But, on Thursday evening March 6, when he signed an executive decree on the reserve, this plan had changed. Bitcoin will now get its own reserve and other parts will be relegated to separate “storage”. Regulatory journalist Jesse Hamilton directed our cover of Washington DC
The flip-flop came after a reaction from the noisy industry at the Trump Sunday plan, which may have had an impact on decision-making. Many Bitcoins have complained that BTC would be diluted alongside coins of lesser money and that Bitcoin has unique characteristics as a digital Order “where other projects do not do so. In the end, the White House seemed to agree. Ada, Sol and XRP, having been supported by the announcement of Sunday, all plunged on the news, compared to Kris Sandor and Cheyenne Ligon de Coindesk.
There were other good news for the first cryptocurrency. President Nayib Bukele said El Salvador would continue to buy BTC even after an IMF agreement that seemed to scotch this mission, Tom Carreras de Coindesk reported. Texas has adopted a bill to create its own Bitcoin reserve, leading around 20 other states that are considering the same thing, Hamilton reported. Fold added 475 BTC, becoming a Bitcoin public treasure among the first 10, wrote James Van Stratotn.
Lombard Finance said that he would deploy his bitcoin token to the liquid object, LBTC, on Suit, deepening the Bitcoin moat on the cryptographic markets. Francisco Rodrigues de Coindesk had this news. (Meanwhile, the Native token of Su Suis was added to the World Reserve of Trump financial assets, increasing its price.)
Danny Nelson had the scoop of the week: News that Doublezero Foundation, a stealth startup creating a “new internet” aimed at improving the blockchain performance, had collected $ 28 million to an evaluation of $ 400 million (she is now looking for more investment.)
In other news, Sam Bankman spoke to Tucker Carlson of his prison cell, another stop on his media game to win a presidential forgiveness. Formerly an enthusiastic support of democratic electoral candidates, SBF now seems to be on the side of the GOP. We will have to see if his awareness reports dividends in the coming weeks.
