President Donald Trump announced a U.S. strategic crypto reserve that will include Bitcoin, Ethereum, XRP, Solana, and Cardano, aiming to make the U.S. the 'Crypto Capital of the World'. The announcement caused a rally in cryptocurrency prices.

Bank of America CEO Brian Moynihan stated that the bank could consider launching a stablecoin if regulations permit, as discussed during an episode of CNBC Crypto World.