Trump Announces Plans for Strategic Crypto Reserve, Boosting Bitcoin to Over $91,000
The U.S. President proposes a reserve including Bitcoin, Ethereum, and other cryptocurrencies, driving market surges and sparking global debate on digital asset adoption.
- President Donald Trump revealed plans to create a U.S. strategic cryptocurrency reserve, naming Bitcoin, Ethereum, XRP, Solana, and Cardano as key assets.
- Bitcoin's value jumped above $91,000 following the announcement, with other named cryptocurrencies experiencing significant price increases, including a 55% surge for Cardano.
- The initiative aims to establish the U.S. as the global leader in cryptocurrency adoption, with Trump stating his commitment to making the nation the 'crypto capital of the world.'
- The move has reignited discussions on digital asset regulation, with critics citing concerns about security, money laundering, and market volatility.
- A working group has been tasked with evaluating the feasibility of the reserve by July, while international leaders, including ECB President Christine Lagarde, remain skeptical of integrating cryptocurrencies into national reserves.
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Frankfurter Allgemeine Zeitung 
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