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United States President Donald Trump on Sunday announced his government would create a national strategic crypto reserve that would include five cryptocurrencies, adding he would make the US “the crypto capital of the world”.
In a statement on his Truth Social network, Trump said a crypto working group, which was set up following his inauguration in January, is pressing forward with the reserve’s creation, fulfilling promises he first made to crypto lobbyists during his election campaign.
Following his Sunday announcement, values of the named currencies, including Bitcoin, soared, following what has been a weeks-long slump.
Trump names bitcoin, ether, XRP, solana and cardano for strategic reserve Bitcoin and ether rise more than 10% on the news Trump has moved quickly to back crypto industry policy priorities.
#USConsumerConfidence Check-in to earn Binance points. (Press the “+” on the homepage and click on Task Center) Activity period: 2025-01-25 08:00 (UTC) to 2025-01-26 08:00 (UTC)