President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve, utilizing forfeited bitcoin assets held by the Treasury. This initiative aims to position bitcoin as a national reserve asset and underscores the administration's commitment to integrating digital currencies into the national financial strategy.
CROFAM SOCIAL NETWORK
Donald Trump has proposed the inclusion of altcoins such as XRP, Solana, and Cardano in a US crypto reserve, sparking mixed reactions from industry leaders. Following Trump's announcement on March 2nd, prices of these digital assets saw significant gains, with XRP rising over 35% and Cardano jumping more than 60%. Blockchain experts suggest the selection might be market capitalization-based rather than reflecting actual strategic value. Despite temporary gains, the crypto market has since experienced declines, with broader asset class sell-offs contributing to this downturn.
