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Al Jazeera
Al Jazeera
Politics
Al Jazeera Staff

Trump announces US crypto reserve: What it is, and why it matters

FILE- The US Treasury Department building at dusk in Washington, DC, June 6, 2019 [Patrick Semansky/AP]

United States President Donald Trump on Sunday announced his government would create a national strategic crypto reserve that would include five cryptocurrencies, adding he would make the US “the crypto capital of the world”.

In a statement on his Truth Social network, Trump said a crypto working group, which was set up following his inauguration in January, is pressing forward with the reserve’s creation, fulfilling promises he first made to crypto lobbyists during his election campaign.

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