Donald Trump has officially confirmed the inclusion of XRP, Solana, and Cardano in the US national crypto reserve. This announcement triggered a significant price rally in these cryptocurrencies.
US Crypto Reserve and Trump's Selection
Trump announced via his Truth Social platform that XRP, Solana, and Cardano are now part of the national crypto reserve. This selection highlights his support for American blockchain projects under the 'Made in USA' initiative. Chainlink, Hedera Hashgraph, and Litecoin are also mentioned as potential future inclusions.
Trump's Crypto Policies
Through recent updates on Truth Social, President Trump reinforced his commitment to a multi-asset national crypto reserve. He also criticized the previous administration’s policies, highlighting the negative impacts of Biden and SEC Chair Gary Gensler’s decisions on the industry. Since taking office, Trump has reversed anti-crypto measures from the Biden era and released Silk Road founder Ross Ulbricht.
Crypto Market After the Announcement
Trump’s announcement sparked a massive price surge for the included cryptocurrencies.
XRP: up 30%. Solana (SOL): increased by 20%. Cardano (ADA): jumped by 60%.
The inclusion of these cryptocurrencies in the national reserve reflects Trump's strategy to support American blockchain projects. Other projects may potentially be added to this list in the future.
