President Donald Trump is presenting his support behind the creation of a Federal Cryptocurrency Assets Reserve, initially highlighting XRP, Solana and Cardano for inclusion, then then added bitcoin and ethereum.
In January, Trump issued a <a target="_blank" rel="nofollow" href="https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/”>Executive order Asking for the formation of a working group that would study and make recommendations on the cryptography policy, including “the potential creation and maintenance of a national reserve of digital assets.”
The working group was supposed to “propose criteria to establish this reserve”, which could be “potentially derived from the legally seized cryptocurrencies by the federal government through their efforts to apply the law.”
In A publication On Sunday morning on his social network network, Trump seemed to go further, making it clear that he wants the reservation to come true.
“An US encryption reserve will raise this critical industry after years of corrupt attacks of the Biden Administration, so my executive order on digital assets addressed the presidential work group to advance in a cryptographic strategic reserve that includes XRP, Sun and ADA,” Trump wrote. “I will make sure that the United States is the capital of the world's cryptocurrencies.”
Until the moment of publication, the prices of the three cryptocurrencies mentioned in Trump's publication had shot at 20% or more. Then he wrote in a follow -up mail“And, obviously, btc and eth, like other valuable cryptocurrencies, will be the heart of the reserve. I also love bitcoin and ethereum!
As Trump acknowledged in his position, his executive order seemed to undo the cryptographic regulatory framework established by former President Joe Biden.
According to the Trump administration, the stock exchange and values commission has taken a more friendly and deregulating position towards the industry, dismissing your demand Against coinbase and declaring that Memecoins are not values. (The value of Trump's Trump currency has <a target="_blank" rel="nofollow" href="https://abcnews.go.com/Politics/house-democrats-aim-trump-crypto-meme-coin/story?id=119241283″>collapsed since its inauguration.
Trump has also signed an executive order that asks for the creation of a sovereign wealth fund of the United States that, according to him, could be used to buy Tiktok.
This publication has been updated to reflect Trump's follow -up message mentioned by bitcoin and ethereum.
(Tagstotranslate) Cryptographic Strategic Reserve (T) Donald Trump (T) Solana (T) XRP