Crypto prices rally after Trump backs five coins for 'crypto reserve'

Quick Summary:

Trump named five cryptocurrencies he wanted in a potential national reserve so the US could become "the Crypto Capital of the World".

About an hour later he added in another post: "And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve.

The previous US president, Joe Biden, had overseen a crackdown on crypto due to concerns about fraud and money laundering.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Presidential President Reserve First Jumped Trump Crypto Strategic Cryptocurrencies Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-02 @ 22:29:46 (21 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 482 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © BBC Business

News ID: 26597449

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