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Image Credit: TechCrunch

Trump calls for creation of a ‘crypto strategic reserve’

  • President Donald Trump is supporting the creation of a federal reserve of cryptocurrency assets.
  • Trump initially highlighted XRP, Solana, and Cardano for inclusion, but later included Bitcoin and Ethereum.
  • The reserve would be established through lawfully seized cryptocurrencies and aims to make the US the crypto capital of the world.
  • The executive order is seen as an attempt to undo the crypto regulatory framework put in place by the previous administration.

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