Trump appoints Bitcoin and others as part of the next 'Crypto Strategic Reserve'

In a couple of publications in social networks today, President Donald Trump appointed some cryptocurrencies that, according to him, will be part of a cryptographic strategic reserve created by an executive order signed in January. Those include bitcoin and ether, which He says “It will be the heart of the reserve.”

Bajo Trump, the stock and values ​​commission (SEC) quickly retired from the cautious posture towards the cryptocurrencies it had before the inauguration of Trump this year. The agency has recently eliminated multiple investigations and demands against cryptocurrency companies that alleged violations of values.

One of the coins that Trump mentioned today, the XRP of Ripple, was the subject of a 2020 SEC demand in which a judge ruled that it worked as an unregistered security, but only when Ripple sold it to institutional investors. The sec appeal that decision <a target="_blank" href="https://www.wsj.com/livecoverage/stock-market-today-sp500-dow-nasdaq-live-10-02-2024/card/sec-appeals-xrp-decision-that-left-some-crypto-trades-unregulated-uYkXQPF8we61XChP3E5u”>In October last year; At the time of writing this article, that appeal is ongoing.