Donald Trump has made a bold statement regarding cryptocurrency, emphasizing his commitment to establishing the U.S. as a dominant force in the sector.
In a recent post on Truth Social, which was also shared in his X account, he revealed plans for a “Crypto Strategic Reserve,” which would include XRP, Solana (SOL), and Cardano (ADA).
The former president criticized the Biden administration for allegedly hindering crypto innovation and positioned his initiative as a way to revitalize the industry.
Trump stated that his executive order on digital assets had instructed the Presidential Working Group to advance this initiative, reinforcing his broader vision of making the U.S. a global leader in cryptocurrency.
All three cryptocurrencies reacted positively to the news. XRP shot up 14% in the past hour and is currently trading at $2.55. Cardanogained more than 30% during the same period and jumped to $0.85, and Solana’s price rose 14% to $160.
CME Group, the world’s largest derivatives marketplace, is expanding its digital asset lineup with the launch of XRP futures, set to go live on May 19, pending regulatory approval.
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
As Bitcoin (BTC) regains stability and altcoins begin to show signs of life, investor optimism is once again on the rise.
In one of the memecoin success stories of the year, a Solana-based trader has turned a $173 investment into over $224,000, thanks to a viral rally in the obscure token TROLL.