As US takes lead, more nations may regulate, develop strategic crypto reserve: Experts

More nations may move towards regulating and creating a strategic cryptocurrency reserve after US President Donald Trump vowed to make his country the cryptocurrency capital of the world and announced developing a strategic cryptocurrency reserve in the US, experts say.
“By formally recognising Bitcoin, Ethereum, XRP, Solana and Cardano, the US government is taking a strategic step toward integrating cryptocurrencies into its broader financial and economic framework,” said Rachel Conlan, Global Chief Marketing Officer, Binance.
This move, Conlan says, is likely to influence global regulatory approaches, encouraging other nations to explore similar initiatives and brining in a more structured environment for institutional participation.
Paras Malhotra - SVP - Trade, Custody and Business Operations at CoinDCX,says the series of announcements by Trump, starting with the creation of a strategic crypto reserve, followed by the scheduled hosting of the first-ever White House Crypto Summit, has ‘truly energised the industry’.
“The market’s reaction has been remarkable — ADA surged past $1, XRP reached $3, and Bitcoin crossed $92,000. In just 24 hours, nearly $315 million in Bitcoin shorts were liquidated, and over $330 billion flowed into the crypto markets,” he said.