President Trump recently announced his plans to include five cryptocurrencies in a new strategic reserve, aiming to make the US the "Crypto Capital of the World." This announcement caused the prices of Bitcoin, Ethereum, XRP, Solana, and Cardano to rise, following a sharp decline after his election. A crypto whale who had placed leveraged bets on Bitcoin and Ether before the announcement made a profit of nearly $7 million. However, some tech and crypto leaders criticized Trump's plan, suggesting that Bitcoin alone should be included in the reserve. Trump will host the first White House Crypto Summit on March 7 to discuss regulations and stablecoin oversight with industry leaders. The SEC, led by Mark T. Uyeda, has also dropped several lawsuits and investigations, including against Coinbase, Gemini, OpenSea, Uniswap, and Robinhood. The details of Trump's crypto stockpile are yet to be revealed, but more information may be provided at the Crypto Summit.



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