Trump just dropped major crypto bombshells. #TrumpAtDAS

President Donald Trump has recently made significant announcements regarding cryptocurrency, aiming to position the United States as a global leader in the digital asset space. In a pre-recorded address to the Blockworks Digital Assets Summit in New York City, Trump declared his intention to make the U.S. the "crypto capital of the world." He emphasized efforts to reverse previous regulatory restrictions and called on Congress to establish clear regulations for stablecoins and market structures to foster innovation and investment.

Building on this initiative, Trump announced the creation of a "Crypto Strategic Reserve," a government-held stockpile of various digital assets. This reserve is set to include major cryptocurrencies such as Bitcoin and Ethereum, as well as others like XRP, Solana (SOL), and Cardano (ADA). The announcement led to a brief surge in cryptocurrency prices, with Bitcoin approaching $95,000 before stabilizing.

These moves are part of a broader strategy to boost the crypto industry, which is expected to contribute to the future growth of assets like XRP. Notably, Ripple's CEO, Brad Garlinghouse, announced that the Securities and Exchange Commission (SEC) has dropped its case against the company, positively impacting XRP's value. Additionally, there is anticipation that an exchange-traded fund (ETF) tracking XRP might be approved within the year.