coinspress.com
Trump has officially confirmed plans to establish a U.S. Crypto Reserve, expanding beyond Bitcoin to include altcoins like $XRP, Solana ($SOL), and Cardano ($ADA).
His administration aims to position the country as a global leader in digital assets, with the Presidential Working Group on Digital Assets tasked with overseeing the initiative.
Trump stated that this move is intended to revitalize the crypto industry after what he described as “corrupt attacks” from the Biden administration. While specific details remain unclear, Bitcoin and Ethereum are expected to play a dominant role, with $XRP, $SOL, and $ADA also included.
A White House Crypto Summit is set to finalize the structure and implementation timeline, with analysts predicting a mid-year launch.
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Markets reacted immediately to the news, triggering sharp price surges. $XRP jumped 32%, $SOL climbed 22%, and $ADA saw the biggest rally, soaring 63% past the $1 threshold. Bitcoin also recorded gains, reaching $90,000 after recovering from a dip below $80,000.