Trump Considers 5 Cryptocurrencies for New National Strategic Reserve

More details about the reserve are expected to be revealed at White House’s Crypto Summit on March 7.

Representation of cryptocurrency Bitcoin is seen in this illustration taken on Nov. 29, 2021. Dado Ruvic/Reuters

President Donald Trump has announced a plan to establish the first U.S. Strategic Cryptocurrency Reserve (SCR), sending prices for all five of his named digital assets surging.

“I will make sure the U.S. is the Crypto Capital of the World,” Trump declared on Truth Social on March 2, crediting his January executive order on digital assets as the foundation for the new reserve.