Trump says Bitcoin and Ethereum will “be at the heart” of US crypto reserve

Trump criticizes the Biden administration's regulatory actions.

Key Takeaways

• Trump announced the inclusion of Bitcoin and Ethereum in his proposed US Crypto Reserve.
• The policy framework aims to enhance US competitiveness in blockchain development.

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President Donald Trump said today that Bitcoin and Ethereum will play a key role in the US crypto reserve, a strategic initiative aimed at positioning the US as a global leader in digital assets. The statement came briefly after Trump revealed that XRP, SOL, and ADA would be part of the national digital asset stockpile.

The proposed policy would establish government holdings of crypto assets as part of US financial reserves, similar to gold. Trump critiqued the Biden administration for what he called “corrupt attacks” on crypto, referring to SEC enforcement actions against companies including Ripple, Binance, and Coinbase under Chair Gary Gensler’s leadership.

The policy framework aims to enhance US competitiveness in blockchain development.

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