$๐ Latest news about Trump and cryptocurrency:
1. Crypto Strategic Reserve Announcement
Trump has signed an executive order to create a โUS Crypto Strategic Reserve.โ
The reserve will include five major cryptocurrencies:
Bitcoin (BTC)
Ether (ETH)
Solana (SOL)
Cardano (ADA)
The announcement saw a big jump in the prices of these cryptocurrencies.
Trump has said that this step will help make the United States a โcrypto capital.โ
2. Trumpโs own cryptocurrency
Trump has also launched his own meme currency, called $TRUMP #
Its market cap has reportedly reached about $5.5 billion.
But the interesting thing is that this currency is currently not allowed to buy โany real thingsโ โ that is, it is mostly a meme coin.
3. Intend to lift restrictions
Trump has said he wants to ease restrictions on cryptocurrency.
He argues that the US needs to become a leader in the crypto industry.
4. Crypto regulation
Hereโs another big step: The Trump administration has ordered the creation of a โfederal regulatory framework for digital assets.โ