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President Trump on Sunday named five cryptocurrencies under consideration for a new U.S. "strategic reserve," sending their values skyrocketing and partly reversing a recent slump.
In a post on Truth Social, Mr. Trump said the President's Working Group on Digital Asset Markets, a group he set up through an executive order shortly after taking office, is moving forward with the crypto reserve, which will include Bitcoin, Ethereum and three smaller cryptocurrencies: XRP, Solana, and Cardano.
"I will make sure the U.S. is the Crypto Capital of the...
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