The Trump administration is prioritizing bitcoin as part of its overall cryptocurrency strategy, according to a senior White House official. The plan involves creating a strategic bitcoin reserve, which does not necessarily require taxpayer funding. However, not everyone in the crypto industry is supportive of this idea.
President Trump recently sparked a $300 billion cryptocurrency rally with a social post announcing the potential for a US government-backed bitcoin reserve that would include several major cryptocurrencies.
Source: https://www.axios.com/2025/03/07/trump-crypto-reserve-bitcoin