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Two major events just occurred, directly stirring up the crypto world. Trump announced late at night on March 2 that he plans to include XRP, Solana (SOL), and Cardano (ADA) in the United States' Crypto Assets reserves! As soon as the news broke, the related coins experienced a big pump, soaring up to 65%. He also signed an executive order to establish a task force specifically to study the feasibility of national digital asset reserves and to clarify the regulatory framework. This is seen as a counter to Biden's previous suppression of the crypto industry. Shortly after, the White House stated that it would hold the first crypto assets summit on March 7, but! Just today, the reversal came too quickly, like a tornado. U.S. Treasury Secretary Scott Bessent came out to pour cold water, clearly stating in an interview with Fox Business: the government has no plans to buy Bitcoin anymore! Now, the price of Bitcoin has fallen below the important support level of 120,000, hitting a low of around 118,730 dollars. Bessent said the government plans to increase reserves through confiscated crypto assets, rather than actively buying. This operation directly contradicts Trump's previous stance—Trump had previously asked his team to find a way to increase Bitcoin reserves in a 'budget-neutral' manner. Don't forget, in April, Trump's advisor Bo Hines also mentioned a plan to buy Bitcoin using tariffs or adjusting gold reserves. Now, the Treasury Secretary's statement has left the entire policy direction ambiguous. Trump wants to make a big move, but his own people are undermining it, leading to direct policy conflicts. The market is being pulled back and forth by this news, and the coin prices are on a rollercoaster. What results can the pros really argue out? All buddies, keep a close eye on this back-and-forth between Trump and the Treasury Secretary, as market sentiment could ignite at any moment.
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