US crypto reserve: What is it and what it means for the market

The US crypto strategic reserve announced by President Donald Trump is a significant move stemming from the country’s approach to lead the global market for digital assets. In January this year, Trump signed an executive order, ‘Strengthening American Leadership in Digital Financial Technology,’ that established the Presidential Working Group on Digital Asset Markets. The group aims to look at setting up a national digital asset stockpile along with exploring likely benefits of integrating cryptos into the country’s financial infrastructure and proposing a regulatory framework to back this integration.