In a landmark move, President Trump declared the "war on crypto is over" during the White House Digital Assets Summit, signaling a shift towards cryptocurrency acceptance. He announced the creation of a "Strategic Bitcoin Reserve" and a "Digital Asset Stockpile" to position the U.S. as a leader in the crypto space. However, the summit lacked detailed policy initiatives, leading to market uncertainty. Bitcoin's price experienced fluctuations, reflecting investor caution. This development underscores the evolving relationship between governments and digital currencies, highlighting the need for clear regulatory frameworks to support innovation while ensuring market stability.
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