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Australia’s government has no plans to establish a strategic crypto reserve

cryptoweekly by cryptoweekly
March 4, 2025
in bitcoin, News
0

The Albanese government has no plans to follow the lead of the Trump administration, which has announced plans to stockpile XRP, Solana, Cardano, Ether and Bitcoin.

Australia’s government is not currently considering a strategic crypto reserve, despite US President Donald Trump announcing the effort in the United States just days earlier.  

US President Donald Trump announced on March 2 that the President’s Working Group on Digital Assets was directed to include XRP (XRP), Solana (SOL), Cardano (ADA), Bitcoin (BTC) and Ether (ETH) in the crypto strategic reserve.

A swathe of other US states are also considering adding crypto to their balance sheets. 

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  • ETH trading pattern points to 100% rally to $5,000: What are the odds?
  • Bitcoin holds steady as major catalysts align for breakout above $110K
  • Spanish authorities arrest five people in $541M crypto fraud case
  • US Supreme Court will not review IRS case involving Coinbase user data
  • Bitcoin ‘demand generation’ phase mirrors 2022 market bottom: Are new highs incoming?
  • Price predictions 6/30: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE
  • First US staking ETF to launch Wednesday, giving investors exposure to Solana

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