Bitcoin and the crypto market in general rise as President Trump confirms that the US will establish a ‘crypto strategic reserve’.
About Truth Social, Trump out The reserve includes Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA).
Trump’s confirmation led to an increase of $ 100 billion in the global crypto market, with XRP 37%, SOL rise 24%and ADA of more than 70%, while BTC and ETH rose by 10%and 13%respectively.
Trump formed the reserve as a reaction to what he called ‘corrupt attacks’ by the Crypto industry by the Biden administration, and emphasized his goal to make the US the ‘Crypto capital of the world’.
Trump did not say exactly how he will create the reserve.
He founded a presidential working group in an executive order in January to explore the establishment of a National Digital Assets stock, which gives 30 days to identify rules, 60 days for recommendations and 180 days for a full report.
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