Trump Relieves Crypto Slump with New Promises About US Reserve
Donald Trump was able to reverse the first slump in digital assets since he took office with some new promises about a US strategic reserve of cryptocurrencies. The president said Sunday in a social media post on Truth Social that such a reserve would include bitcoin, ether, XRP, solana, and cardano. He had not previously spelled out which digital assets would be included.
- This surprise move may have lifted investor confidence, but it also raises questions about the practical feasibility of creating and managing a national cryptocurrency reserve.
- How will Trump's administration ensure the security, transparency, and regulatory oversight of such a reserve, particularly given concerns over previous administrations' handling of cryptocurrencies?