U.S. Crypto Reserve Proposal Sparks Debate
Former President Donald Trump has proposed creating a U.S. strategic cryptocurrency reserve, including Bitcoin, Ethereum, XRP, Solana, and Cardano. Supporters argue it could strengthen the U.S. economy, with Michael Saylor suggesting it might generate up to $81 trillion for the Treasury. However, skepticism remains high. JPMorgan analysts estimate congressional approval chances at below 50%, citing volatility risks. Critics w
arn it may benefit select investors while lacking clear regulatory guidelines. Following the announcement, Bitcoin surged past $91,000, with XRP, SOL and ADA gaining over 20%. The White House Crypto Summit on March 7 will address concerns and provide further details on the initiative’s feasibility.
