Trump Proposes Strategic Cryptocurrency Reserve, Boosting Market Values
US President Donald Trump announces plans for a cryptocurrency reserve featuring Bitcoin, Ethereum, and other major tokens, causing significant price surges across the market.
- Donald Trump revealed plans for a US strategic cryptocurrency reserve, naming Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) as key components.
- Following the announcement, cryptocurrency prices surged: Bitcoin surpassed $91,000, Ethereum rose over 12%, and Cardano saw a 55% increase.
- The proposal aligns with Trump's goal to position the United States as the global hub for cryptocurrency innovation and adoption.
- A task force has been established to assess the feasibility of implementing the reserve, with findings expected by July 2025.
- European Central Bank President Christine Lagarde expressed opposition to such reserves, citing concerns over security, liquidity, and potential links to criminal activities.
DER SPIEGEL 
Frankfurter Allgemeine Zeitung 
FOCUS online 