Crypto Market to get Major Boost, Donald Trump to Make Crypto Reserve, Bitcoin, Ether

Crypto’s segment has increased rapidly over the years. However, this market has been recession for the last few weeks. American President Donald Trump has announced to create a strategic reserve of cryptocurrency. This will include cryptocurrencies like Bitcoin, Ether, Solana and XRP.

Trump has announced to create a reserve of cryptocurrency in a post on social media platform Truthsocial. Its purpose is to promote the Crypto Market. Earlier, Trump had signed an executive order related to digital assets. In this post, Trump has said, “The segment will be encouraged after the Biden government’s corrupt attacks before the Crypto Reserve of the US.” Along with this, Trump has also reiterated his plan to make America the capital of Crypto in the world. He said, “I will make sure that America be made the capital of Crypto in the world.”

Along with this, Trump has also reiterated his support for two big cryptocurrencies Bitcoin and Ether. He said that both these cryptocurrency will definitely be a major part of this reserve. Trump’s announcement has taken place in the Crypto Market after this announcement. The price of bitcoin was also trading rapidly.

Recently, the new government of Trump -led US government decided to create a regulatory framework for the crypto segment. During his election campaign, Trump indicated that Bitcoin’s reserve and a policy in favor of Crypto. However, the Federal Reserve disagreed over the plan to create a reserve of bitcoin. The US Securities and Exchange Commission (SEC) stated that a task force has been formed with the objective of creating a regulatory framework for cryptocurrency. The previous US government took action against many firms associated with Crypto by alleging violation of rules. These firms included coinbase and kraken. However, these firms had misunderstood the allegations of violation of rules. Institutional investors are also increasing interest in this segment. Software maker Microstrategy has bought a large number of bitcoins in the last few months.