Today, Sunday, President Donald Trump wrote through his account on Truth Social:
"A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Task Force to advance a Strategic Crypto Reserve that includes XRP, SOL, and ADA. I will ensure that the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!"
This shook the crypto market leaving BTC and ETH 'out', but just 74 minutes later, in a follow-up post, he clarified that BTC and ETH would also be part of the reserve.
The measure marks a significant shift in U.S. policy towards cryptocurrencies, a sector that has faced restrictive regulations under the Biden administration. In contrast, Trump has taken a more open stance as an advocate for the growth of the blockchain ecosystem in the U.S.
Industry experts have pointed out that if Trump's initiative materializes, it could represent a structural change in the institutional adoption of cryptocurrencies in the U.S., driving new industry-friendly policies.
If the U.S. moves in this direction, it could establish itself as a global epicenter for blockchain innovation, attracting investment and talent to the country. However, for this vision to become a reality, it will be key to see how regulatory policies develop in the coming months.
For now, the immediate impact has been clear: an explosion in the price of the mentioned cryptocurrencies, and a renewed interest in the future of state adoption of blockchain.
Buckle up and prepare your risk management, that's how the crypto world is.
