Trump Calls for Creation of ‘Crypto Strategic Reserve’
President Donald Trump is throwing his support behind the idea of creating a federal reserve of cryptocurrency assets — specifically mentioning XRP, Solana, and Cardano. The proposal aims to create a national digital asset stockpile, potentially derived from cryptocurrencies seized by the Federal Government through law enforcement efforts. Trump's executive order on digital assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve.
- This initiative could mark a significant shift in the US government's approach to cryptocurrency regulation, with potential implications for the industry's growth and stability.
- How will the creation of a national crypto reserve impact international relations, particularly given China's growing influence in the sector?