Overview

• 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.