Trump names Bitcoin and others as part of coming ‘Crypto Strategic Reserve’
In a pair of social media posts today, President Donald Trump named some cryptocurrencies he says will be part of a Crypto Strategic Reserve being created by an executive order he signed in January. Those include Bitcoin and Ether, which he says “will be the heart of the Reserve.”
Under Trump, the Securities and Exchange Commission (SEC) has quickly backed away from the wary stance toward cryptocurrencies it held prior to Trump’s inauguration this year. The agency has recently dropped multiple investigations and lawsuits against cryptocurrency firms that alleged securities violations.
One of the currencies Trump mentioned today, Ripple’s XRP, was the subject of a 2020 SEC lawsuit in which a judge ruled that it functioned as an unregistered security, but only when Ripple sold it to institutional investors. The SEC appealed that decision in October last year; as of this writing, that appeal is ongoing.
In a pair of social media posts today, President Donald Trump named some cryptocurrencies he says will be part of a Crypto Strategic Reserve being created by an executive order he signed in January. Those include Bitcoin and Ether, which he says “will be the heart of the Reserve.” Under…
Recent Posts
- How much data does your favorite messaging app collect? New study shows 90% of messaging apps now include AI that puts privacy at risk
- More than a decade later, the team behind N++ is back with a multiplayer sequel
- If Vampire Survivors and Spelunky had a baby, it’d be Messhof’s Blood Dungeon
- Grand Theft Auto VI is warping the video game release calendar
- 9 dog-care gadgets that are so clever they deserve a treat — including an ingenious on-the-go water solution and a ‘canine FitBit’
Archives
- June 2026
- May 2026
- April 2026
- March 2026
- February 2026
- January 2026
- December 2025
- November 2025
- October 2025
- September 2025
- August 2025
- July 2025
- June 2025
- May 2025
- April 2025
- March 2025
- February 2025
- January 2025
- December 2024
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023