President Donald Trump announces the establishment of a U.S. strategic cryptocurrency reserve that will include bitcoin, Ethereum, XRP, Solana, and Cardano.
The reserve is part of Trump's Executive Order on Digital Assets and aims to elevate the cryptocurrency industry after alleged attacks by the Biden Administration.
The announcement led to a significant surge in cryptocurrency prices, with Bitcoin rising by approximately 10% and Ethereum increasing by about 12%.
The launch of the cryptocurrency reserve is seen as a pivotal moment for the industry, but it also faces criticism from non-industry players.