AssetID: 54568630
Headline: UNCAPTIONED: Trump's Crypto Push Sparks Market Surge
Caption: Trump’s Crypto Push Sparks Market Surge. President Donald Trump has announced a list of five cryptocurrencies—Bitcoin, Ethereum, XRP, Solana, and Cardano—that he wants included in a new strategic reserve. Following the announcement, all five coins saw significant gains. XRP, Solana, and Cardano spiked up to 62%, while Bitcoin and Ethereum rose by more than 10%. Trump said his plan is part of a broader push to position the U.S. as the leading global hub for cryptocurrency, reversing previous regulatory crackdowns. Trump will host the first-ever Crypto Summit at the White House on Friday, where further details on the initiative are expected to be revealed. Shortly after taking office, Trump signed an executive order establishing a presidential task force to propose new crypto laws and regulations. The order instructs officials to assess the creation of a national crypto stockpile, potentially using digital assets confiscated by federal law enforcement. It remains unclear whether the proposed reserve would require an act of Congress or if it could be implemented solely through executive action. Despite previously calling Bitcoin a "scam" in 2021, Trump has recently embraced cryptocurrency, marking a stark reversal in his position. Critics claim the former president and his wife, Melania Trump, are using their White House influence to boost their own crypto investments. With Trump’s backing and policy shift, investors are closely monitoring the upcoming summit and any regulatory changes that could impact the industry. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Donald Trump,Sparks,Market,Surge,Five,Crypto,Cryptos,Cryptocurrencies,Bitcoin,Ethereum,XRP,Solana,Cardano,Memecoin,Melania Trump,White House,Crypto Summit,Strategic,Reserve,Announcement,Markets,Economy
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