Trump Backs a U.S. Bitcoin Reserve—What’s Next?

This Sunday, President Trump reaffirmed his campaign promise to create a U.S. crypto reserve, including Cardano, Solana, XRP, Bitcoin, and Ethereum. On Truth Social, he stated that the U.S. will establish a strategic reserve of digital assets.

This follows his earlier remarks at the Bitcoin 2024 event in Nashville, where he declared: "As the final part of my plan today, I am announcing that if I am elected, it will be the policy of my administration, the United States of America, to keep 100% of all the Bitcoin the U.S. government currently holds or acquires into the future."

The announcement sent related cryptocurrencies soaring, with Bitcoin reaching a high of $95,000. However, the news felt more like a preview, as the market awaits more details on how the U.S. plans to fund and implement this reserve, especially considering five states have already rejected bills to add Bitcoin to their treasuries.

All eyes are now on the White House Crypto Summit on March 7th, where U.S. leaders are expected to clarify their crypto and Web3 strategies. While details remain scarce, Trump's commitment could help cement the U.S. as a crypto-friendly nation, offering a promising environment for DeFi growth.

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