Post #40170 by ges on the US Policy board

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Crypto Prices Surge as Trump Announces Strategic Reserve Including Bitcoin, Ether, and Three Riskier Tokens

What Happened: Trump announced plans to create a U.S. Crypto Strategic Reserve featuring five digital assets—bitcoin, Ether, solana, Ripple-linked XRP, and cardano. This sent crypto prices soaring, with bitcoin rising 9% to $93,000, ether up 11% to $2,500, and cardano surging nearly 60%.

Why It Matters: Trump’s cronies and family stand to profit massively, as the move follows his pardon of Silk Road founder Ross Ulbricht, the formation of a digital-asset working group, and ties to major crypto investors.

Source: Wall Street Journal

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