President Donald Trump is moving forward with his support of cryptocurrency, signing an executive order that will give it a federal reserve.
The order would establish a “U.S. Crypto Reserve,” which would include a number of cryptocurrencies, making good on his campaign promise to streamline digital currency regulations and create a Bitcoin stockpile.
In a Truth Social post, Trump explained why the crypto reserve would benefit the country.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!” he posted.
In a follow-up, he added that he loves “Bitcoin and Ethereum.”
“And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!”
This move comes days before the White House is scheduled to hold a crypto summit, marking the first time an event of its kind will be held in that location. The guest list will reportedly include “prominent founders, CEOs, and investors from the crypto industry, as well as members of the president’s Working Group on Digital Assets,” says the White House.
White House AI and crypto czar David Sacks will be hosting the event.
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Sierra Marlee is a millennial whose hunger for the truth in a world of fake news has led her to write. Marlee also contributes to BizPac Review.
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