President Donald Trump announced the creation of a Strategic Crypto Reserve (SCR) for the United States, causing Bitcoin, Ethereum, and other cryptocurrencies to surge in value. Eric Trump praised the move and warned that traditional finance must adapt to crypto or become extinct. The announcement stated that the US government would establish a national reserve holding BTC, ETH, XRP, SOL, and ADA. Trump differentiated between a "crypto reserve" and a "stockpile," indicating active purchasing over time rather than holding seized crypto. Reactions from the crypto industry varied, with some supporting the reserve while others warned of potential risks such as destabilizing the US dollar or future liquidation. The upcoming White House Crypto Summit is expected to provide more details on the reserve's operation.



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