#WhiteHouseCryptoSummit
US President Donald Trump has announced the names of five cryptocurrencies that he wants to make part of a new strategic reserve. He says that the reserve aims to make the United States the ‘cryptocurrency capital of the world’.
The currencies that he wants to make part of the new US strategic reserve include Bitcoin, Ethereum, XRP, Solana and Cardano. The prices of these currencies have seen a rapid increase since President Trump’s announcement.
During his presidential campaign, Donald Trump was very supportive of crypto. It should be remembered that former US President Joe Biden had initiated actions against crypto in view of concerns about fraud and money laundering.
In a statement released on social media on Sunday, President Trump said that he had signed an order and directed the presidential working group to start work on a crypto strategic reserve. According to him, this reserve will also include cryptocurrencies called XRP, Solana, and Cardano.
