Just recently, Trump pressed the 'crypto nuclear button' on social media, announcing his digital asset executive order directing the presidential task force to advance a cryptocurrency strategic reserve including XRP, SOL, and ADA, while shouting 'Make America Great Again, become the world's crypto capital!'
The market instantly boiled over. ADA surged 40%, breaking through $0.9; XRP broke through $2.5, while SOL followed closely with an 11% increase. Retail investors shouted 'MAGA (Make Crypto Great Again)' while frantically placing orders, as if Trump's Twitter account had become the 'ATM of the crypto market...'
This time, the 'pointing praise' for XRP, SOL, and ADA can be described as textbook market manipulation (of course, the understanding king calls it a 'strategic reserve plan'). I just saw a very funny comment, haha: Trump's Twitter should be classified as a level one financial instrument, requiring SEC filing before tweeting!
The proposed 'crypto strategic reserve' by the Trump administration may include cryptocurrencies seized by the government through law enforcement (such as Bitcoin seized from the dark web), but including XRP, SOL, and ADA in the list actually provides these tokens, which have been 'specially monitored' by the SEC, with policy endorsement, directly weakening the selling pressure caused by regulatory uncertainty.
Another instance of Wall Street's 'true fragrance law' here, hehe... Traditional institutions like Morgan Stanley and Bank of America, which previously kept their distance from crypto business due to regulatory pressure, are now rubbing their hands under the expectation of Trump's 'loose policies', scrambling for the crypto company's IPO cake. After all, who can resist hundreds of millions in fees...
Then there's Trump's push for a dollar stablecoin, trying to consolidate the dollar's status through crypto reserves. If the U.S. truly includes XRP and others in its reserves, it would be equivalent to replicating the 'petrodollar' system in the blockchain field, making cryptocurrencies the 'digital extension' of America's financial hegemony... You guys ponder on that, brothers.
Conversely, I see this from another angle; the whole market has entered a 'Trump policy sensitive period', where any wind or grass movement related to crypto may trigger wild fluctuations. Especially the tokens that were pointed out may become the 'arena' for long and short battles.
In the long term, it will again be a tug-of-war between regulation and innovation, haha. Although Trump's executive order injects a booster shot into the industry, the compliance of cryptocurrency still requires congressional legislation and SEC cooperation. If the Republicans and regulatory agencies fail to reach a consensus, the current revelry may only be 'policy fireworks'.
So I say Crypto Trump is really 👍, proving with a tweet: in the crypto world, influence can instantly translate into market value. However, we must be wary of the double-edged sword of 'Twitter governance'—today he can support XRP, SOL, and ADA, but tomorrow he might cause a market bloodbath because of a 'fake news'. After all, in the crypto market, the only constant is change itself (and Trump's Twitter).