Trump Announces Establishment of US Strategic Crypto Reserve with Major Cryptos
On March 2, US President Donald Trump announced the creation of a US “strategic crypto reserve” to enhance the nation's position in the cryptocurrency market. Key points include:
- The reserve will initially feature major cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano.
- Dogecoin was not included in the initial list but saw a price spike of 16%, settling at a 7.5% increase within 24 hours.
- Shibetoshi Nakamoto, co-creator of Dogecoin, humorously highlighted its US origins.
- Responses from the crypto community included skepticism over Trump's knowledge of Dogecoin and discussions about its potential inclusion in the reserve.
- Trump emphasized that Bitcoin and Ethereum would be central to the reserve, with indications that more cryptocurrencies could be added later.
- Current Dogecoin trading is at $0.219, with significant chart dynamics observed following the announcement.
