Trump announces strategic crypto reserve including bitcoin, Solana, XRP and more

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President Donald Trump announced the creation of a "strategic crypto reserve" that will include bitcoin, ether, XRP, Solana's SOL token and Cardano's ADA, in a post on Truth Social.

This is the first time Trump has specified his support for a crypto "reserve" versus a "stockpile."

Bitcoin had been in consolidation since the executive order on crypto issued in late January. It just closed its worst month since 2022.

Cryptocurrencies rallied on Sunday after President Donald Trump announced the creation of a strategic crypto reserve for the United States that will include bitcoin and ether, as well as XRP, Solana's SOL token and Cardano's ADA.

"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 Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA," he said in a post on Truth Social. "I will make sure the U.S. is the Crypto Capital of the World.""And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve," he said in a follow-up post. "I also love Bitcoin and Ethereum!"

XRP surged 33% after the announcement while the token tied to Solana jumped 22%. Cardano's coin soared more than 60%.

This is the first time Trump has specified his support for a crypto "reserve" versus a "stockpile." While the former assumes actively buying crypto in regular installments, a stockpile would simply not sell any of the crypto currently held by the U.S. government.

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