worldcoinindex.com
Former President Donald Trump has announced plans for a U.S. Crypto Reserve, aiming to solidify the nation’s position as a global leader in digital assets. His initial statement, shared on Truth Social, highlighted $XRP, Solana ($SOL), and Cardano ($ADA) as key components of the reserve, notably omitting Bitcoin.
The absence of Bitcoin from Trump’s first post sparked immediate speculation, prompting a swift follow-up. In a second Truth Social update, Trump clarified:
"And, obviously, BTC and ETH, as other valuable cryptocurrencies, will be at the heart of the reserve. I also love Bitcoin and Ethereum!"
The initiative is part of Trump's broader crypto-focused agenda, which he says will undo regulatory damage caused by the Biden administration’s crackdown on digital assets. His executive order on digital assets has tasked the Presidential Working Group with shaping a Crypto Strategic Reserve, reinforcing his goal to make the U.S. the "crypto capital of the world."
Market Impact: $XRP, Solana, and Cardano Skyrocket
Trump’s announcement triggered a market rally, with the highlighted assets experiencing significant gains:
- $XRP: +34.23% to $2.94, approaching the $3 mark.
- Solana ($SOL): +20.69% to $173.35.
- Cardano ($ADA): +62.16% to $1.07, making it the biggest gainer among the top cryptos.
Bitcoin also saw a 8.31% jump, climbing to $93,208, while Ethereum surged 11.44% to $2,470.61.
The Evolution of Trump's Crypto Stance
Trump’s crypto-friendly pivot has been a defining element of his campaign. During Bitcoin 2024 in Nashville, he pledged to preserve all Bitcoin held by the U.S. government, stating:
"If I am elected, it will be the policy of my administration to keep 100% of all the Bitcoin the U.S. government currently holds or acquires into the future."
His pro-crypto stance stands in stark contrast to the Biden-era regulatory landscape, which saw major enforcement actions against companies like Coinbase, OpenSea, and Robinhood. Many of those cases have since been walked back, as regulatory agencies appear to be reassessing their approach to digital assets.
With this bold move, Trump is making it clear: crypto will be a cornerstone of his economic strategy.