US crypto reserve no substitute for SEC clarity — Industry exec – BitRss

US President Donald Trump’s plans for a strategic cryptocurrency reserve are good news for the industry, but they are no substitute for clearer regulation, Patrick Young, go-to-market lead at Web3 app Galxe, told Cointelegraph on March 3. 

In a March 2 post on the social media platform Truth Social, Trump said he told his administration’s digital assets working group to include XRP ($2.42) (XRP), Solana (SOL ($146.61)) and Cardano (ADA ($0.87)) in a US government crypto stockpile. 

He later added Bitcoin (BTC ($86,969.76)) and Ether (ETH ($2,177.37)) to that list, stating they would be at the “heart of the reserve.”

Trump has touted plans for a US strategic crypto reserve since mid-2024.