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How the Trump Administration Might Influence Cryptocurrency Reserves

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by Giorgi Kostiuk

a year ago

As Donald Trump's inauguration as US President approaches, interest is growing in potential changes to the strategic cryptocurrency reserve.

Plans to Include New Altcoins

Donald Trump recently announced that the strategic reserve could include not only Bitcoin (BTC) but also other altcoins, which has drawn significant attention.

Mark Yusko's Statement

Morgan Greek Capital CEO Mark Yusko expressed that the Trump administration might add altcoins such as XRP, Cardano (ADA), and Hedera (HBAR) to the US strategic reserves.

Yusko noted that these initiatives could be driven by developing relationships between the altcoin founders and the Trump family.

Potential Market Impact

Yusko emphasized that the inclusion of these altcoins in the reserves could have a significant impact on the crypto market, although this may not happen in the first 100 days of the new administration.

The possible expansion of US reserves in the cryptocurrency market could significantly affect the industry's development.

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