The prospect of a federal strategic reserve is a major step in President Trump's vision to establish the U.S. as the crypto capital of the world and could be a game changer for the industry.

The excitement over Trump’s U.S. crypto strategic reserve didn’t last long. Just days after soaring on the news, Cardano (ADA-USD), XRP

U.S. President Donald Trump has named five cryptocurrencies he wants to be part of a new strategic reserve - in other words, crypto holdings owned by the U.S. government.