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Trump Plans Strategic Reserve for Crypto, Appoints David Sacks as Crypto Czar

Dec 12, 2024, 02:47 PM

President-elect Donald Trump has announced plans to undertake significant initiatives in the cryptocurrency sector, stating, 'We're gonna do something great with crypto.' This statement was made during an interview with Jim Cramer, suggesting a potential policy shift towards embracing digital currencies. Trump's comments come at a time when other nations are also exploring the integration of cryptocurrencies into their financial systems. He emphasized the need for the U.S. to lead in this area, indicating that 'we want to be the head' in cryptocurrency adoption. Furthermore, Trump has confirmed the appointment of David Sacks as the 'Crypto Czar' to oversee these initiatives, hinting at the creation of a 'strategic reserve' for cryptocurrencies, similar to the strategic petroleum reserve.