U.S. Establishes Strategic Cryptocurrency Reserve:

President Trump has signed an executive order to create a "strategic bitcoin reserve," aiming to legitimize the cryptocurrency sector and diversify government financial assets. The U.S. plans to acquire new bitcoin and hold other cryptocurrencies seized from criminal activities, including ether, XRP, solana, and cardano. This initiative positions the U.S. among the few nations with a crypto reserve, despite management challenges and market fluctuations.

White House Crypto Summit:

President Trump is hosting a summit with key cryptocurrency industry leaders at the White House to discuss his vision of making the U.S. the "crypto capital of the world." Attendees include Michael Saylor, CEO of MicroStrategy, and Zach Witkoff of World Liberty Financial. The summit will focus on the strategic cryptocurrency reserve and explore budget-neutral methods for acquiring bitcoin without additional taxpayer costs.

$Libra Cryptocurrency Scandal in Argentina:

Argentine President Javier Milei promoted a cryptocurrency project called $LIBRA, leading to a significant price spike followed by a severe drop. This incident resulted in approximately $250 million in losses for investors and has been labeled "Cryptogate," marking a major scandal in Milei's presidency.

Haliey Welch's Meme Coin Controversy:

In December 2024, Haliey Welch launched a cryptocurrency meme coin named $HAWK on the Solana platform. The coin's market capitalization soared to nearly $500 million before plummeting to $25 million. This led to allegations of a pump-and-dump scheme and insider trading, with at least one investor filing a complaint with the U.S. Securities and Exchange Commission.

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