Trump Plans U.S. Crypto Reserve Amid Market Surge

President Donald Trump announced plans to create a 'U.S. Crypto Reserve' as part of his administration's efforts to position the U.S. as the 'Crypto Capital of the World.' This strategic reserve would include major cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano. Following the announcement, crypto markets experienced a brief surge, with Bitcoin and other tokens seeing significant price increases. However, these gains were quickly erased by news of impending tariffs on imports from Canada and Mexico, which negatively impacted both crypto and stock markets. Critics argue that the volatility of cryptocurrencies makes them a poor choice for government reserves, while some industry advocates see potential benefits in diversifying government assets. Trump's plan has drawn mixed reactions, with skepticism from both allies and opponents within the cryptocurrency space about the inclusion of lesser-known tokens alongside Bitcoin.