Trump's crypto vision: Will the United States become the world's crypto?

Trump's crypto vision: Will the United States become the world's crypto?

In a remarkable political advance, the designated US President Donald Trump has announced his vision for crypto future. As supporters of cryptocurrencies, he assured that the United States should become the "crypto capital of the world". As a result, the courses from XRP (Ripple), Sol (Solana) and Ada (Cardano) rose between eight and 62 percent. Trump, who was able to win the support of the crypto industry for his election campaign, plans to form a working group for digital assets in order to check the formation of a strategic bitcoin reserve, as on vienna.at is reported.

However, there is resistance in Europe in Europe to the integration of Bitcoin into the reserves of the central banks. Christine Lagarde, President of the European Central Bank (ECB), made it clear that you do not expect Bitcoin to be accepted as a strategic reserve. In their opinion, currency reserves should be safe and liquid and remain freed from suspicions such as money laundering. Lagarde emphasizes that Bitcoin does not meet the criteria for reserves, which makes it unlikely that central banks in the euro zone Bitcoin will include in their portfolios, such as TheCryptobasic.com . This negative attitude could also influence the plans of the Czech National Bank, which was used to diversify up to 5% of its reserves, about $ 7.3 billion, into digital assets.

The outcome of these developments remains to be seen because the crypto markets react strongly to political news. Trump's comprehensive support could also put pressure on the regulating positions, while Lagarde's warnings are reminiscent of the traditional financial sector, thinking about the risks and challenges of dealing with digital currencies.