Donald Trump Gives Update on Crypto Goals
President Donald Trump said Sunday that he aims to create a new U.S. Crypto Reserve, following up on an executive order related to cryptocurrency that he signed in January.
Newsweek reached out to the White House for comment via email on Sunday.
Why It Matters
Trump’s comments about the new strategic reserve highlights his administration’s goal of shoring up cryptocurrency, as well as making it a part of the nation’s financial planning moving forward.
Trump has previously promised to be America’s “first crypto president.” He plans to host a White House Crypto Summit to discuss his vision further on Friday, and to work toward developing a regulatory framework to foster innovation and maintain financial stability. The proposed reserve could…
