Trump Establishes Strategic Cryptocurrency Reserve for the U.S.

The initiative includes Bitcoin, Ethereum, and other digital currencies, aiming to position the U.S. as a global cryptocurrency leader.

President Donald Trump signed an executive order to create a U.S. strategic cryptocurrency reserve, including Bitcoin, Ethereum, XRP, Solana, and Cardano.
The reserve will primarily consist of digital assets seized during criminal investigations, with no additional taxpayer funding allocated for acquisitions.
The initiative fulfills a key campaign promise to deregulate the cryptocurrency sector and boost its prominence in the U.S. economy.
Trump's ties to the cryptocurrency industry, including recent business ventures, have raised concerns about potential conflicts of interest.
Market reactions have been mixed, with Bitcoin's value dropping 5.7% following the announcement that the government will not actively purchase cryptocurrencies for the reserve.