The Strategic Bitcoin Reserve Will Become Permanent!

On March 7, Donald Trump signed an executive order to create a national reserve using Bitcoin (BTC) assets seized in government criminal cases. The bill to be introduced by Donalds will ensure that this reserve cannot be reversed by future administrations through executive action.

If the bill becomes law, the US Strategic Bitcoin Reserve and Digital Asset Stockpile initiatives will be permanent and protected from executive interference.

A Strong Chance of Passing in the Senate

The bill will require at least 60 votes in the Senate and a majority in the House of Representatives. However, with Republicans holding a majority in the Senate and the rise of crypto-friendly policies, the chances of the bill passing are increasing.

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In a statement to Bloomberg, Byron Donalds said:

“For years, the Democrats waged war on crypto. Now is the time for Congressional Republicans to decisively end this war.”

According to Bitcoinlaws data, at least 23 US states have introduced bills supporting Bitcoin reserves. This shows the growing interest in integrating crypto into state-level fiscal policies.

A Pivotal Moment in US Crypto Regulations

The bill signals the US government’s intent to further integrate Bitcoin into its financial system.
Blockchain expert Anndy Lian stated, “This law gives Trump’s executive order a legal foundation and enables the government to take a clear stance on digital assets.”

If the bill passes, it is expected to reduce regulatory uncertainty and offer businesses and investors a clearer path forward. However, identifying the right funding mechanisms and custody solutions for the Bitcoin Reserve could be a challenge for the government.

The current plan does not mandate new Bitcoin purchases by the government. However, the US Treasury and Commerce Department are authorized to develop “budget-neutral strategies” to buy more Bitcoin, as long as there are no additional costs to taxpayers.

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Bitcoin Reserve Controversy

In his letter to U.S. Treasury Secretary Scott Bessent, Gerald E. Connolly stated that the proposed cryptocurrency reserve by the Trump administration lacks economic justification. He further warned that the government favoring specific digital assets through social media could disrupt the market.

According to Connolly, establishing such a reserve holds no strategic benefit for taxpayers. The Federal Reserve (FED) also criticized the initiative, calling it “the dumbest idea ever.”

Trump and Crypto Conflict of Interest

Connolly pointed out that the Trump administration did not consult Congress before moving forward with the Bitcoin reserve plan and did not receive any official authorization. He also accused Trump of a conflict of interest, as the Trump Organization owns the crypto platform World Liberty Financial and has profited significantly from the Official Trump (TRUMP) memecoin.

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The Democrat lawmaker described the TRUMP token as “Trump’s most lucrative get-rich scheme yet.” Other Democrats, including Maxine Waters, also criticized the token, arguing that Trump’s crypto initiatives do not serve the public good.

Treasury Department’s Response Awaited

Connolly has requested the U.S. Treasury Department to provide documents detailing the creation of the Bitcoin reserve and to clarify what steps the Trump administration has taken to prevent conflicts of interest. He also inquired about which crypto assets the government currently holds.

Meanwhile, the White House stated that the Strategic Bitcoin Reserve would only consist of cryptocurrencies seized in federal criminal or civil cases and would be managed through budget-neutral strategies. The Digital Asset Stockpile, on the other hand, would include non-Bitcoin cryptocurrencies, such as XRP, Solana, Cardano, and Ethereum.

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As of March 8, XRP is facing technical and fundamental pressures, suggesting a potential 20% price drop in the near future. Based on recent market analyses and historical patterns, investors should pay attention to three key signals.

XRP’s Symmetrical Triangle: 20% Downside Risk

XRP/USD is currently forming a symmetrical triangle on its weekly chart, a pattern reflecting a tug-of-war between buyers and sellers. Symmetrical triangles are not always bullish continuation patterns; they typically resolve with a breakout in either direction based on prevailing momentum.

Historically, such setups have often led to declines; for example, Ethereum’s triangle breakdown in 2018 resulted in an 80% drop. If a breakout occurs, the price could move toward the maximum height of the triangle. For XRP, this would bring the downside target to around $1.46, which aligns with the 50-week exponential moving average.

Trump Supports Bitcoin, Excludes XRP

XRP’s price dropped following the White House’s Crypto Summit on March 7, as expectations of its inclusion in the U.S. strategic crypto reserve faded. President Trump’s team clarified that cryptocurrencies like Ethereum, Solana, Cardano, and XRP were only examples, not official selections. There is no evidence that the U.S. government holds XRP, and Trump’s broader altcoin strategy excludes new purchases. This announcement led to a 10% decline in XRP. Meanwhile, Bitcoin is favored by the Trump administration, with the U.S. holding approximately $17.7 billion in BTC.

XRP’s Price Drop Risk: Technical and Fundamental Factors

XRP is consolidating in a historical distribution zone, and the XRP/BTC pair remains above the 200-2W EMA at around 2,459 satoshis. A break below the 200-2W EMA could pull XRP/BTC towards the 50-2W EMA at 1,700 satoshis, increasing the risk of a 20% drop in XRP/USD.

XRP’s trading volume mirrors the 2021 bear market. XRP is currently in a distribution phase, with large investors offloading positions to retail buyers. This surge in volume follows a 600% rise from November 2024 to January 2025, marking a typical distribution setup. A similar volume explosion in 2021 preceded a prolonged downtrend. If history repeats, XRP may face another major correction.

The decline in XRP whale holdings further reinforces the distribution. Whale sales signal a lack of confidence in short-term performance, and these sales can reduce liquidity, pushing smaller investors to sell as well and increasing selling pressure.

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