US President Donald Trump announced plans to establish a strategic crypto reserve that includes Bitcoin, Ethereum, Ripple, Solana, and Cardano. This declaration caused the crypto market to regain a $3 trillion market cap and saw a significant increase in trading volume. However, the creation of the crypto reserve will require approval from Congress and the drafting of legislation. Trump's announcement marks the first time a sitting US president has acknowledged XRP, Solana, and Cardano, alongside Bitcoin and Ethereum. The establishment of a strategic crypto reserve also faces regulatory hurdles, but US financial watchdogs have shown a willingness to accept cryptocurrencies and develop regulations. Trump is set to host a White House Crypto Summit on March 7, 2025, where further discussions about the crypto reserve are expected. Following Trump's announcement, Bitcoin and other cryptocurrencies saw a rise in prices, with Ripple's XRP up 18% and Cardano up 47% in the past 24 hours.



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