Trump Administration Creates "Strategic Digital Currency Reserve".. What Does It Mean
The elected U.S. President Donald Trump announced the establishment of a strategic American reserve for digital currencies, a move that reflects a significant shift in the government's stance towards digital assets, according to a report published by Forbes.
This move represents - according to Forbes - a radical shift in the governmental approach towards digital currencies, as Bitcoin (BTC), Ethereum (ETH), "XRP", and Cardano (ADA) are integrated into the American financial structure.
The U.S. government has historically had a cautious stance towards digital currencies due to concerns related to sharp volatility, security risks, and regulatory uncertainty, but this decision indicates a major reassessment of these assets.
Why these specific digital currencies?
According to the report, the selection of these currencies was not random, but based on their strategic roles in the digital economy:
Bitcoin (BTC): Known as "digital gold", it is used as a hedge against inflation and a store of value.
Ethereum (ETH): Represents the foundation for decentralized finance (DeFi) and is used in the development of smart applications.
XRP: Known for its speed and efficiency in international financial transfers, making it an attractive option for financial institutions.
Cardano (ADA): Based on a scientific approach to developing blockchain infrastructure,
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