Trump's sensational decision: Cryptocurrencies take the crown

Crypto investors around the world have been celebrating since Donald Trump was elected as the US President. Many cryptos have registered a huge rally before Trump took office in the White House. Looking at the current actions, it is understood that Trump is giving priority to cryptocurrencies as part of his election promise. If we go into the details of
the selection, Ripple, Solana and Cardano,
President Donald Trump has recently selected the names of three crypto currencies. Through these, the US Crypto Strategy Reserve was announced on Sunday. In whichRipple, Solana, CardanoThe announcement triggered a mega rally in the markets. The prices of these digital currencies saw a huge increase of around 10 to 35 percent .

The latest move comes after Trump's January executive order ordering a presidential working group to establish a strategic reserve for digital assets to prevent fraud
. Trump has signaled a complete departure from previous administration regulatory measures that focused on fraud prevention and anti-money laundering measures, as part of his goal of making the United States the "crypto capital of the world." Although cryptocurrencies have seen a sharp decline in recent years, analysts believe President Trump's policy shift could revive investor confidence. This could be especially buoyant if it is coupled with Federal Reserve rate cuts or more pro-crypto initiatives.

White House Crypto Summit

However, the exact structure of the Crypto Strategic Reserve remains unclear. Legal experts are already debating whether it would require congressional approval or could be implemented through the US Treasury Exchange Stabilization Fund. There is also speculation that digital assets seized from law enforcement actions could be included in the reserve. It is noteworthy that Trump hosted the first White House Crypto Summit last Friday. Through this, experts believe that Trump is trying to create a favorable environment for cryptos during his administration. At this time, all eyes continue to be on the upcoming regulatory developments and their impact on the industry.

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