Trump Proposes National Crypto Reserve Including Bitcoin, Ethereum, and Others

President Donald Trump announced plans to create a strategic cryptocurrency reserve, expanding his initial focus on Bitcoin to include XRP, Solana, Cardano, Ethereum, and Bitcoin. This move aims to bolster the US's position in digital assets.

Key points include:

Trump's initial proposal was solely for Bitcoin, which he called a strategic asset.
Recent comments reflect a significant shift towards embracing multiple cryptocurrencies.
After the announcement, prices of listed cryptocurrencies surged: SOL, ADA, and XRP rose by up to 62%, while BTC and ETH increased by over 10%.
The implementation details of the reserve remain unclear, with no specific guidelines from the President’s Working Group on Digital Assets.
A White House Crypto Summit is scheduled for March 7, focusing on regulation and the operational structure of the proposed reserve.

Trump's stance suggests a potentially more favorable regulatory environment for cryptocurrencies in the US, contrasting with previous administrations' skepticism.