Trump Establishes Federal Crypto Reserve Designating Five Digital Currencies as National Assets

President Trump has announced the establishment of the US Crypto Reserve, consisting of Bitcoin, Ethereum, XRP, Solana, and Cardano through an executive order. This decision led to substantial price increases, with some cryptocurrencies surging by over 60%, right before the upcoming White House Crypto Summit, making it a crucial development. Integrating digital assets into national financial planning for the first time could impact market stability and investor trust. The reserve's funding may involve confiscated crypto assets, prompting debates among experts regarding the necessity of Congressional approval.