Trump Unveils US Crypto Strategic Reserve Including XRP, Solana, and Cardano
President Donald Trump announced the creation of a US Crypto Strategic Reserve, including assets like XRP, Solana (SOL), and Cardano (ADA). This follows Executive Order 14178, which aims to establish a national framework for digital assets focused on "US-made cryptocurrencies." The reserve is intended to enhance the US position in the global crypto market.
- The reserve will primarily hold XRP, Solana, and Cardano, shifting from previous expectations of Bitcoin being the main asset.
- Market reactions included significant price increases for XRP, Cardano, and Solana, reflecting strong investor interest.
- Solana is entering a bullish phase after overcoming network issues.
- Potential legislative changes may arise, including tax reforms and regulatory adjustments favoring the crypto sector.
- The Presidential Working Group, led by David Sacks, is expected to provide further recommendations soon.
The announcement has renewed confidence in the crypto market, particularly for XRP, SOL, and ADA, though future developments regarding the reserve's influence on cryptocurrency regulation remain uncertain.