On Mar.2, President Donald Trump announced plans for a United States “crypto strategic reserve,” aiming to mimic existing reserves for gold and oil.

This initiative, led by the administration’s digital assets working group, highlights Trump’s continued support for the crypto industry.

Critics have voiced concerns regarding the inclusion of riskier cryptocurrencies that may have private backing.

Some analysts raised questions about potential conflicts of interest pertaining to advisers connected to Trump and private firms that could benefit from a government-backed reserve.

Details about the reserve are not fully disclosed, but Trump mentioned it may encompass various cryptocurrencies, including bitcoin, ether, ripple, solana, and cardano.