In a recent Truth Social post, U.S. President Donald Trump announced the establishment of a U.S. Crypto Strategic Reserve, aiming to bolster the nation's position in the digital asset sector. This reserve will include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
Following the announcement, the cryptocurrency market experienced a significant surge:
Bitcoin (BTC): Jumped approximately 10%, reaching a peak of $94,821.
Ethereum (ETH): Increased by 12%.
XRP: Rose from $2.23 to $2.99, marking a 34% increase.
Solana (SOL): Jumped from $140 to $168, a 20% rise.
Cardano (ADA): Skyrocketed over 50%, nearing the $1 mark.
This move is part of President Trump's broader strategy to position the U.S. as the "Crypto Capital of the World." An executive order on digital assets has directed the Presidential Working Group to advance the development of the Crypto Strategic Reserve.
In addition to the reserve, the White House plans to host a "crypto roundtable summit" with key industry figures to further discuss the future of digital assets in the U.S.
This announcement represents a significant shift in U.S. policy toward cryptocurrencies, reflecting a more supportive stance aimed at fostering innovation and growth within the industry.
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