In a series of unprecedented developments, the U.S. government has significantly altered its approach to cryptocurrency regulation and involvement. On March 7, President Donald Trump signed an executive order establishing a "strategic bitcoin reserve" and a stockpile for other cryptocurrencies, including ether, XRP, Solana, and Cardano. This initiative aims to legitimize the crypto sector, attract industry activity to the U.S., and diversify government financial assets. 
WSJ.COM

Concurrently, the White House hosted its first-ever crypto summit, bringing together prominent figures from the cryptocurrency industry and members of the president's Working Group on Digital Assets. The summit provided insights into the newly established crypto reserve and discussed strategies to position the U.S. as a leader in the digital asset space. 
NYPOST.COM