Explained: Donald Trump's Crypto Strategic Reserve move & its implications

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Explained: Donald Trump's Crypto Strategic Reserve move & its implications - Business Standard

Quick Summary:

By holding a diversified portfolio of cryptocurrencies, the US government might be better positioned to influence global crypto regulations and standards.

Trump’s current policies, including the nomination of crypto supporter Paul Atkins to replace Gary Gensler as SEC chairman, indicate a more favourable outlook toward the crypto industry.

Additionally, the Securities and Exchange Commission (SEC) under Biden’s tenure pursued numerous enforcement actions against major crypto entities, reflecting a stringent regulatory stance.