Trump announces strategic crypto reserve including bitcoin, Solana, XRP and more

The cryptocurrency increased on Sunday after the president Donald Trump It announced the establishment of an American strategic encryption reserve that will include Bitcoin and etherBesides XrpSolana Teller Distinguished symbol and Cardano LeadHe said in a mail On the social truth.

The publication said: “The American encryption reserves will raise this critical industry after years of corrupt attacks by the Biden administration, which is why my executive request in digital assets has directed the presidential work group to move forward in a strategic coding reserve that includes XRP, Sol and Ada.” “I will make sure that the United States is the world of encryption in the world.”

“It is clear that BTC and ETH, like other cryptocurrencies, will be at the heart of the reserve,” he said. Follow -up Post. “I also love bitcoin and ethereum!”

XRP increased by 33 % after the advertisement while the distinctive symbol jumped with Solana by 22 %. The Cardano coin increased more than 60 %.

Bitcoin and Ether have gained 9 % and 11 %, respectively.

Trump hosts the first White House encryption summit on Friday, and investors will closely see more clues about the direction of reserve plans.

This is the first time that Trump has determined his support for the encryption reserve “against” stock “. While the first includes the purchase of encryption actively in regular installments, the inventory simply will not sell any of the encryption that the United States government is currently preserved.

Trump I presented the idea for the first time Bitcoin’s national stored last summer in Bitcoin 2024 in Nashville is one of the largest conferences in this field, as it began to flirt with the encryption vote. At the same event, Senator Wyoming Sinaia Lomes submitted her proposal to the Bitcoin National Strategy Reserve.

After his re -election in November, DrumbEat has grown to get the Bitcoin Strategic Reserve, helping to send the leading currency price to its highest levels ever. It seems that this has stopped after Trump released him Executive order On the encryption in late January. He called for the president’s working group to encrypt to assess “potential creation and maintenance of national digital assets, which are likely to be derived from encrypted currencies that the federal government legally seized through law enforcement efforts,” among other things.

The industry had a lukewarm response, partly because investors expected to focus on bitcoin, while the term “digital assets” suggested that the stock could include other cryptocurrencies without providing details.

“The launch of a strategic coding reserve in the United States represents a pivotal moment of digital assets, which reflects a great step in the government’s participation in the encryption industry,” said Federico Brookly, the head of the American business in 21 companies. “This initiative does not enhance the role of Bitcoin as a ripening store, but it also highlights the importance of Blockchain networks such as ETAREUM, Solana, XRP and Cardano in financial infrastructure, payments and decentralized financing.”

Bitcoin, in the absence of a specific encryption catalyst, was in unification since the executive order. I just closed The worst month since 2022.

Watch: What does the new encryption strategy in SEC mean for industry?