President Donald Trump announced Sunday that the United States will establish a Crypto Reserve as part of his administration’s push to boost the digital asset industry.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” Trump posted on Truth Social, stating that the reserve will include XRP, SOL, and ADA.
Trump reiterated his goal to make the U.S. the “Crypto Capital of the World”, aligning with one of his first executive orders, which directed his administration to support responsible growth in digital assets.
The announcement comes just days before the White House’s first-ever cryptocurrency summit on March 7, where founders, CEOs, and investors will meet with administration officials. Trump’s Presidential Working Group on Digital Assets has six months to submit recommendations on regulatory policies for the industry.
It remains unclear how the U.S. Crypto Reserve will function, but Trump’s recent embrace of digital assets marks a shift from his previous skepticism of cryptocurrency.
Sources:
Discover more from News Facts Network
Subscribe to get the latest posts sent to your email.
