In a surprising move, President Donald Trump has publicly expressed support for the creation of a federal reserve specifically for cryptocurrency assets. This development comes after the issuance of an executive order in January, calling for the establishment of a working group focused on studying and recommending crypto policy.The proposal's focus on XRP, Solana, and Cardano raises questions about the motivations behind this selection. Is it an attempt to promote alternative cryptocurrencies or a genuine interest in their potential?The exclusion of Bitcoin and Ethereum from the proposed reserve is particularly noteworthy, as these two cryptocurrencies are widely regarded as the most established players in the market. The implications of this decision for the regulatory environment and overall cryptocurrency landscape remain to be seen.
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President Donald Trump is throwing his support behind the idea of creating a federal reserve of cryptocurrency assets — he specifically mentioned XRP, Solana, and Cardano, but not Bitcoin or Ethereum. In January, Trump issued an executive order calling for the creation of a working group that would study and make recommendations around crypto policy, […]
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