Trump Names 5 Cryptocurrencies for National Reserve, Sending Prices Soaring
US President Donald Trump has announced Bitcoin, Ethereum, XRP, Solana, and Cardano will join a “Crypto Strategic Reserve.” This move has caused significant price surges across these cryptocurrencies.
Trump revealed the plan on his Truth Social platform, aiming to elevate the crypto industry after years of regulatory challenges. He criticized the Biden administration for “corrupt attacks” on digital assets.
The announcement led to dramatic price increases. Cardano surged over 70%, while XRP and Solana rose by 30% and 20%, respectively. Bitcoin and Ethereum, though not initially mentioned, also gained over 10%.
Trump’s executive order in January explored creating a “strategic national digital assets stockpile.” However, some crypto enthusiasts were disappointed, interpreting “stockpile” as passive asset holding rather than active purchasing.
Previously critical of Bitcoin, Trump now aims to make the US the “Crypto Capital of the World.” His administration has rolled back Biden-era regulations, including dropping charges against major exchanges like Coinbase.
Trump’s family has also profited from launching their own crypto tokens. The first-ever White House Crypto Summit is scheduled for Friday, signaling a strong pro-crypto stance.
This shift in policy could reshape the global crypto landscape, with the US potentially leading the digital asset revolution. Investors are closely watching how Trump’s “Crypto Strategic Reserve” will operate in practice.
Stay updated on crypto trends and Trump’s policies as the US positions itself as a global crypto hub.
