President Donald Trump announced on Truth Social his plans to create a strategic reserve that includes Bitcoin, Ethereum, XRP, Solana, and Cardano. The prices of these cryptocurrencies surged after the announcement, with Bitcoin rising by 10% and Cardano increasing by over 60%. Howard Lutnick, Trump’s Commerce Secretary, stated that the execution of the Bitcoin Reserve could take place on March 7 during the Crypto Summit. However, Mark Yusko, founder of Morgan Creek Capital Management, questioned the inclusion of cryptocurrencies beyond Bitcoin, particularly XRP and Cardano, suggesting that they were heavily backed by their creators who have political affiliations. He also mentioned that in his venture capital experience, he has never encountered a pitch for a project based on XRP or Cardano. Mark believes that Trump's interest in these coins may stem from his affiliates owning a substantial amount of them. He anticipates that Trump will announce a Bitcoin-only reserve but may make favorable comments about other cryptocurrencies and possibly offer tax breaks for them, suggesting that this announcement could have an impact on future Bitcoin and crypto regulations.



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