President Trump has unveiled plans for a 'Crypto Strategic Reserve' aimed at enabling the U.S. to actively buy and sell cryptocurrencies. This initiative aligns with his vision to make the U.S. the leading global hub for crypto, as initially pledged during his presidential campaign. The reserve would focus on five major cryptocurrencies, including Bitcoin and Ethereum. Supporters believe that profits from this venture could help tackle national debt, while skeptics warn of the volatile nature of cryptocurrencies and their speculative nature compared to traditional assets like gold.
"The prospect of a reserve is a major step in Trump's vision to establish the U.S. as the crypto capital of the world, which was one of his promises during his bid for president last year."
"Maintaining a federal reserve would likely mean the government would be actively buying and selling cryptocurrency... critics argue that crypto is historically volatile and a speculative investment."
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