The article discusses former President Trump’s announcement regarding the creation of a U.S. strategic reserve for cryptocurrencies, positioning Bitcoin as a potential alternative to the U.S. dollar. His plan intends to bolster the cryptocurrency industry after years of skepticism, particularly under the Biden administration. The proposal has drawn attention, especially as no other country besides El Salvador has established such a reserve. Trump’s previous anti-crypto stance has shifted, and his embrace of digital currencies highlights their growing significance in the financial landscape.
"A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration," Trump wrote. "I will make sure the U.S. is the Crypto Capital of the World."
Until now, only one country, El Salvador, has created a strategic reserve of cryptocurrencies, although several governments do hold them, mostly seized from criminal activities or to circumvent international sanctions.
Collection
[
|
...
]