Michael Saylor, CEO of MicroStrategy, is preparing for the White House Crypto Summit, collaborating with XRP associates.

Hosted by Donald Trump and led by crypto authority David Sacks, the summit aims to define the future of digital assets in the U.S. An essential part of the agenda will cover plans for a U.S. Bitcoin reserve and the debates surrounding altcoin endorsements, likely leading to disputes over which coins should be prioritized.

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Bitcoin or XRP at the Core of the Reserve?

Ahead of the summit, Saylor reiterated that Bitcoin should take precedence. He conveyed to Fox News that BTC’s decentralization nature distinguishes it as a top reserve asset.

“The important thing to keep in mind is Bitcoin is the one universally agreed upon foundational asset in the entire crypto economy because it’s the asset without an issuer. It’s neutral. 99% of the energy and the capital has flowed into that one.”
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Translation: The significant factor to remember is Bitcoin is the universally accepted foundational asset throughout the crypto ecosystem as it has no issuer. It remains neutral. Most energy and capital have gravitated towards it.

Saylor considers Bitcoin as “cyberspace property” and believes it can reinforce America’s status as a financial power. Its rarity and decentralized management grant it a unique position to act as the backbone of a national digital asset reserve.

Debate Over Altcoins Like XRP and ADA Sparks Controversy

What started as a reserve featuring XRP, Solana, and Cardano became contentious, with critics like Saylor opposing altcoin inclusion, labeling them as risky diversions. Ripple’s Brad Garlinghouse defended these choices, advocating for a cooperative approach against “maximalism.”

Donald Trump posted two articles about Ripple on TruthSocial back-to-back🇺🇸🇺🇸🇺🇸
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Translation: Donald Trump shared two articles regarding Ripple consecutively on TruthSocial.

However, Saylor appears to be less rigid regarding XRP now. He expressed, “I believe that digital XRP is affiliated with a corporation, Ripple. These are tokens. We need a regulatory framework to facilitate their issuance.”

The White House Crypto Summit hosts an impressive lineup, featuring Coinbase’s Brian Armstrong, Crypto.com’s Kris Marszalek, Robinhood’s Vlad Tenev, and Paradigm’s Matt Huang.

Saylor emphasized the need for clarity during the summit, stating that the administration must outline a clear regulatory framework prior to large purchases. He also addressed a proposed Alumnus Bill designed to acquire one million Bitcoins for the reserve methodically.

Questions Linger Over US Crypto Policy

While the summit generates excitement, doubts persist over the inclusion of tokens like XRP and ADA. Critics argue that this favors token insiders over shaping a credible reserve. Commerce Secretary Howard Lutnick provided an unclear explanation, highlighting Bitcoin’s role while leaving other tokens in limbo.

The Crypto Summit could mark a pivotal point for U.S. crypto policy. Saylor perceives it as an opportunity to legitimize Bitcoin, while Ripple and its allies are striving for a more inclusive framework. The outcome remains uncertain.