Sun, 02 Mar 2025

Sun, 02 Mar 2025 Crypto prices rally after Trump backs five coins for 'crypto reserve'

Trump named five cryptocurrencies he wanted in a potential national reserve so the US could become "the Crypto Capital of the World".

* US President Donald Trump has announced that he wants to create a new strategic reserve of cryptocurrencies, with Bitcoin, Ethereum, XRP, Solana, and Cardano included.
* The market prices of these five coins jumped after the announcement, with some rising by up to 62%.
* It is unclear how the new stockpile will work or whether creating it will require an act of Congress.
* Trump had previously been a critic of cryptocurrency, but has since launched his own cryptocurrencies and expressed support for them through social media posts.
* The first Crypto Summit at the White House is scheduled for this Friday, where more information on the reserve is expected to be revealed.
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